If Swiss voters approve the minimum tax reform in June, the government will implement it even if the United States does not, says Finance Minister Karin Keller-Sutter.
This content was published on
2 minutes
Keystone-SDA/ts
Português
pt
Suíça aplicará imposto mínimo para empresas – com ou sem os EUA
“The situation with the US is somewhat complicated,” Keller-Sutter admitted at the annual gathering of the World Economic Forum (WEF) on Wednesday, referring to the discussions on the Foreign Account Tax Compliance Act (FATCA).
As the initiator of a minimum tax of 15% for companies, the US could apply the regulation in its own way. The US is powerful enough to do this, she said. But Switzerland would be forced to introduce the minimum tax if all other OECD countries did so.
At the heart of the OECD/G20 tax reform is a minimum tax of 15% for all companies with a turnover of more than €750 million (CHF740 million) a year. According to the government, around 2,000 companies in Switzerland would be affected by the reform.
This content was published on
Switzerland said Thursday it is on board with a global corporate minimum tax after breakthrough negotiations yielded consensus at the OECD.
Parliament has already approved the reform. Since the new taxation requires a constitutional amendment, the Swiss population will vote on it in June.
If accepted, an entry into force is planned for January 2024. However, Switzerland could wait for the other players if they were not ready, Keller-Sutter said. “People underestimated the details of this reform,” she said.
Tax reform has been the focus of most of Keller-Sutter’s meetings at the WEF. In particular, she exchanged views on it with her counterparts from Germany, Luxembourg and Poland, as well as with the OECD Secretary-General. She also met Paolo Gentiloni, European Commissioner for Economy.
Train vs plane: would you take a direct train between London and Geneva?
Eurostar is planning to run direct trains from Britain to Germany and Switzerland from the early 2030s. Would you favour the train over the plane? If not, why not?
ETH Zurich remains best university in continental Europe
This content was published on
Swiss universities have once again fallen slightly behind in international comparison. In the annual university rankings, they recorded slightly more losses than gains overall. However, three Swiss universities are among the 100 best in Europe.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Finance minister says global corporate tax to come into force in 2024
This content was published on
The Swiss government has pledged to implement from 2024 the minimum tax rate for large multinational companies under a global tax deal.
Global corporate tax deal reshapes how Switzerland attracts multinationals
This content was published on
The global corporate tax deal endorsed by the G20 won’t end tax competition but it will look different. This plays to Switzerland’s advantages.
US tax authority asks Switzerland for client data from 26 institutions
This content was published on
The US tax authority IRS wants further information from the Swiss authorities on account data at 26 financial institutions.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.