Swiss to See More Than $600 Million Under Global Minimum Tax

Switzerland is set to generate more than CHF 530 million ($600 million) in additional tax revenue in the first year under a 15% minimum tax rate, according to an update from the Swiss Federal Department of Finance.

The report offers a glimpse of the anticipated effects of the 2021 global tax deal’s minimum tax on the individual cantons—the Swiss localities that set their own tax rates.

• The $600 million in estimated tax is based on 13 of the 26 cantons. “Half of the cantons, including some that will presumably generate significant receipts from the supplementary tax, have not produced any ...