Switzerland is likely to find itself under international pressure to conform to a new move to harmonize corporate tax rates around the world.
The US president Joe Biden has floated the idea and now the OECD also wants to present a plan.
This country is known for its low tax base, it’s listed as fifth amongst tax havens for businesses.
But how much remains unclear. The United States is suggesting 21% is reasonable. Here, depending on canton, the rate varies between 11 and 21%.
As Switzerland is a member of the OECD, it could veto the idea. But it’s unlikely to go against a plan which does seem to be gathering momentum.
The finance minister, Ueli Maurer, says the global solution has to be moderate and at a level acceptable to Switzerland.
Fire victims couldn't escape due to blocked exit
Burning bible damages church
Vaud police warn of noisy cars
Geneva lays out spring city walks
New park for Geneva
Praise for Paléo 2026 lineup
