On 8 October 2021, the Inclusive Framework of the OECD (including Switzerland) specified the key parameters for the future taxation of large, internationally active companies (see our article of 9 October 2021). According to a media release, Switzerland demands that the interests of small, economically strong countries be taken into account in their implementation and that legal certainty be created for the companies affected.
Switzerland, along with other countries, is critical of the OECD timetable because it does not yet respect national legislative processes sufficiently. It will not be possible for Switzerland to introduce the new rules by the year 2023 envisaged by the OECD.
In parallel to the OECD's further concretisation work, the FDF will draw up proposals for the Federal Council by the first quarter of 2022 that should continue to offer companies the best possible framework conditions for sustainable growth and are internationally accepted.
The media release is available here.
