Swiss See Global Tax Carveout Deterring US Business in Country

Switzerland will face competitive challenges in attracting US multinationals under the OECD-led revised global minimum tax framework, a Swiss tax official warned Thursday.

US companies operating in Switzerland must still pay the country’s 15% minimum tax under the agreement, but they can avoid it by relocating to countries that haven’t implemented a similar measure, which could disadvantage the country, said Marc-Antoine Bree, project manager for tax policy at Switzerland’s Federal Tax Administration.

He was speaking at an event on international taxation organized by the SGH Warsaw School of Economics.

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