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Switzerland fears impact of minimum corporate tax rate
Switzerland may have to find alternative ways to welcome foreign companies to Switzerland. Keystone / Peter Klaunzer
This content was published on April 27, 2021 - 09:00
April 27, 2021 - 09:00
Matthew Allen
When not covering fintech, cryptocurrencies, blockchain, banks and trade, swissinfo.ch s business correspondent can be found playing cricket on various grounds in Switzerland - including the frozen lake of St Moritz.
swissinfo.ch
The looming shadow of a global minimum corporate tax rate could threaten Switzerland’s status as a hub for multinational company headquarters.
The United States says that no country should tax companies less than 21%, a proposal that has added momentum to talks over a worldwide minimum corporate tax rate. The average corporate tax rate among Swiss cantons currently stands at around 15%, according to KPMG.