15% Minimum Business Tax Rate
It restores my faith in democracy to see the Swiss voting system in action – Business Taxes are quite a complicated and some might say emotive political and economic issue. Yet, Swiss voters have very sensibly voted for the global movement to adopt a 15% minimum corporate tax rate. Admittedly, Switzerland will still have one of the lowest corporate tax rates in the world, though higher than their previous average rate of 11%. Even a rate of 15% does much to encourage international investment when compared to the Corporate tax rates around the rest of Europe – compare to the UK’s 25%.
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