<
https://www.politico.com/newsletters/weekly-tax/2023/06/20/switzerland-votes-to-adopt-a-global-minimum-tax-00102577>
"THE SNOWBALL EFFECT: Given that Switzerland has been derided as a tax haven
for its low corporate tax rates and its banking system has long been the
subject of scrutiny by U.S. lawmakers for facilitating systemic tax evasion by
wealthy Americans, one might not have guessed the nation would be something of
a trend-setter in efforts to establish a new international tax framework.
But, in a referendum on Sunday, Swiss voters approved by an overwhelming 78.5
percent margin a global minimum tax spearheaded by the OECD that would subject
the largest international companies to a 15 percent minimum tax, teeing up the
levy for implementation in 2024.
It’s worth taking a step back for a moment to consider how the dynamics around
this global minimum tax have substantially shifted to the point that it is on
the precipice of reality in many parts of the world — despite the cynicism of
many observers who (still) doubt that the OECD could ever forge an agreement
that would prove politically sustainable."
Via
Future Crunch:
<
https://futurecrunch.com/good-news-rubella-south-east-asia-huma-rights-estonia-animal-canada/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
