In order to implement the OECD/G20 project on the taxation of the digital economy, the Federal Council proposes a supplementary tax, with 25% of the revenue going to the Confederation and 75% to the cantons and municipalities.
The supplementary tax is limited to large corporate groups that achieve a worldwide turnover of at least EUR 750 million and fall below the minimum taxation of 15%. As a federal tax, it achieves the necessary international acceptance.
The Confederation uses the additional funds to cover the additional expenditure in the national fiscal equalisation scheme (NFA) and to promote the attractiveness of Switzerland as a business location. The supplementary tax is thus budget-neutral. The cantons effectively affected by the minimum tax can decide autonomously on the purpose for which it is to be used, but the communes must be given appropriate consideration.
With a new constitutional norm, the Confederation is authorised to implement the OECD/G20 project. In a second step, the Federal Council will regulate minimum taxation by means of a temporary ordinance. Afterwards, a federal law will replace the ordinance.
The full media release is available here .
See also our earlier articles on the OECD minimum tax:
- Contribution of 3 July 2021: Switzerland joins the benchmarks on international corporate taxation subject to conditions
- Contribution of 9 October 2021: OECD publishes benchmarks for the future taxation of the digitalised economy (Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy)
- Article dated 15 January 2022: OECD Minimum Tax: Implementation with a Constitutional Amendment
- Post dated 12 March 2022: Federal Council opens consultation on implementation of OECD/G20 minimum taxation
