The Swiss Federal Council is consulting on draft legislation to implement a global minimum tax set by the OECD.
According to the Federal Council, the legislation would be implemented in stages, by establishing a new constitutional norm and transitional provisions. The Federal Council intends to guarantee minimum taxation according to Pillar 2 by introducing a "supplementary tax". The top-up tax will, with regard to large corporate groups, bridge the gap between the effective tax rate and the minimum tax rate of 15%, insofar as the effective tax rate is lower at 15%.
The consultation closes on 20 April 2022.