Swiss Back OECD Minimum Tax; Geneva Rejects Millionaires Levy

Swiss voters backed raising corporate taxes for large multinationals to the 15% minimum level agreed by OECD countries and signed off on the government’s climate goals.

In a local election, Geneva rejected increasing the levy on its richest citizens.

The OECD minimum tax was supported by 78.5% of the electorate, according to government results published on Sunday. The outcome, which was expected based on polls, clears the final hurdle for the implementation of the higher levy next year.

With the slogan “So the money stays in Switzerland” the government and most parties had been calling for ‘yes’ votes ...