Switzerland Should Scrap 15% OECD Minimum Tax Rate, Study Says

Switzerland should scrap its implementation of the OECD global minimum tax on companies because it threatens the country’s competitiveness, according to a study commissioned by the Swiss-American Chamber of Commerce.

The report, by the University of St. Gallen, said the 15% corporate tax plan has failed to gain broad global support since Swiss voters approved the measure in 2023. In particular, it noted the exemption for the US, which isn’t adopting the levy and has secured protections limiting how far other countries can tax US companies abroad.

It said only about 33 countries have implemented the so-called Inclusive Framework ...