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Swiss Start to Grapple With Fallout From G-7 Tax Reform Bid

June 10, 2021, 4:37 PM

Switzerland is reviewing what the global push to reform corporate tax could mean for its public coffers and how it can limit any damage to its economy.

The government says the country, known for its low taxes, can stomach a global minimum rate, and that it will do whatever is neededto ensure it remains a attractive location for business.

Officials are consulting with cantons to figure out how to offset the effects of any minimum tax, according to the Financial Times. The measures could include research grants, social security deductions and tax credits, the newspaper said.

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