Faced with the prospect of a global minimum tax of 15% for companies, the Zougois Minister of Finance calls for a discussion to be launched between the Confederation and the cantons.
There are several options for cushioning the additional corporate tax burden resulting from the expected global minimum tax of 15%, according to the Zug finance minister. He calls for a discussion to be launched between the Swiss Confederation and the cantons.
However, the goal must be to comply with international standards, says Heinz Tännler in an interview broadcast Monday by the German-speaking newspapers of the Tamedia press group. But, he adds, mechanisms such as subsidies for research and development, tax breaks on intellectual property (patent box), tax breaks for employees, as well as a reduction in environmental taxes and social charges, can offset higher taxes.
A discussion on the subject must be conducted between the federal government and the cantons, notes the UDC State Councilor. There is already a technical working group, he continues, and a political group will be set up before the summer.
Two tax laws
Heinz Tännler launches the idea of a new tax law. “We can also consider the introduction of a new law on corporate tax and explore the room for maneuver it offers.” There would then be two different tax laws, he explains, one for non-international companies, based on the code of obligations, and the other for international companies, to which a minimum tax rate would apply. profits of 15%, as recommended by the G7 finance ministers.
Regional commercial companies with low turnover could thus continue to be taxed at 12%, estimates the Zougois elected official, the world minimum rate of 15% only concerns international companies, whose turnover is over 750 million. euros. “The plasterer or the butcher” would have “no problem” with this minimum rate.
Interviewed in Le Temps, Robert Danon, professor of tax law at the University of Lausanne, also calls on the Swiss authorities to act quickly. He recommends studying, on the one hand, the changes to be made to the tax base and, on the other hand, “new non-fiscal possibilities to improve the framework conditions for companies”. “Switzerland is not in an unfavorable situation, on condition that it quickly reflect on [ces] two fronts, ”he said.
Eighteen cantons have a maximum tax rate below 15%. These are the cantons of central Switzerland, as well as those of Geneva, Vaud, Basel-City and St. Gallen. The agreement on the global minimum tax, found on Saturday by the G7 finance ministers, has yet to be validated by the G7. The discussion should then continue at the level of the G20 states in July and the OECD, which brings together more than 139 countries.