Swiss See Opening for Tax Competition as G-20 Talks Advance

Global proposals to make multinational corporations pay more tax haven’t yet tackled deductions, leaving Switzerland and other low-tax countries room to maneuver.

“Calculation of taxable profit has to happen according to international rules, and these haven’t been decided yet,” Swiss Finance Minister Ueli Maurer said after attending a meeting of Group of 20 finance chiefs in Venice.

“Here lies the crux and here also lies the room to maneuver that Switzerland and other countries now have -- what counts as corporate profit and what isn’t,” Maurer told reporters in Bern on Saturday.

While Switzerland is among 132 countries supporting a ...