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Swiss Business Calls for More Minimum Tax Revenue to Cantons

Dec. 2, 2022, 6:18 PM

Switzerland’s businesses are pushing for more revenue from the global minimum tax to go to its cantons, rather than the federal government.

Switzerland will only gain revenue from the minimum tax if companies continue to be located in the country, and the cantons are best-placed to offer incentives to make up for the “loss of attractiveness caused by minimum taxation,” the industry group EconomieSuisse said in a statement released Friday.

The cantons should get a 75% share of the additional revenue the minimum tax raises, the letter said.

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