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.
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