Published on January 23, 2025 at 5:39 p.m. / Modified on January 23, 2025 at 5:44 p.m.
3 mins. reading
Bern reacts following Washington’s definitive abandonment of the tax agreement relating to multinationals. Caught between the European Union (EU) and the United States, Switzerland finds itself “in a critical phase,” Karin Keller-Sutter told the press on Thursday. The President of the Confederation was questioned on the subject when taking stock of the 55th World Economic Forum (WEF).
According to the Minister of Finance, this rule that Switzerland has applied since January 2024 leads to “a loss of competitiveness” for the country. Never implemented across the Atlantic, the text provides for a tax of at least 15% for companies generating a turnover of more than 750 million euros. It was denounced on Monday by the new President Donald Trump but is applied in many countries, starting with members of the EU.
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