this post was submitted on 10 Nov 2023
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Switzerland

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The OECD minimum tax rate of 15% for large companies should wait, according to the senate commission for economic affairs and taxation.

The senate commission wants the government to delay the implementation of a minimum tax rate of 15% given the lack of progress in other countries.

On June 18, the Swiss voted in favour of new rules on the profits of groups with sales in excess of €750 million. Preparations are now underway in Switzerland for implementation.

Since the vote, the OECD (Organisation for Economic Co-operation and Development) has adapted its guidelines. In addition, it is likely that fewer countries than initially planned will introduce minimum taxation on January 1, 2024, the OECD said in a press release on Friday. ...

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