Switzerland Moves to Adopt Standardized Global Tax Reporting

Switzerland’s government is seeking feedback on a proposal to supplement domestic global minimum tax rules with a standardized reporting format.

The proposal issued by the Federal Council on Wednesday would implement the reporting format known as the GloBE Information Return, or GIR, which is designed to provide tax authorities with information on the effective tax burden of corporate groups subject to global minimum tax rules.

The public consultation runs through Aug. 20.

• The global minimum tax seeks to levy large corporate groups at a minimum 15% rate and is one half of a global tax deal negotiated at the ...