Swiss govt, parliament favour minimum tax for large corporations

Swiss govt, parliament favour minimum tax for large corporations



Switzerland’s federal council and parliament suggest that voters settle for a push to implement minimum taxation on large multinational enterprises forward of a referendum on the difficulty subsequent month, the division of finance mentioned on Monday.

Switzerland is one in every of round 140 nations which have signed as much as an OECD/G20 challenge aiming to use a minimum tax charge of 15% on multinational corporations.

Swiss voters are on account of vote on the required constitutional modification on June 18. ($1 = 0.8901 Swiss francs) (Writing by Rachel Extra, Enhancing by Friederike Heine)