Swiss Finance Minister Floats Idea of Local Tax Cuts for High Earners

Switzerland’s finance minister said some cantons will consider lowering taxes paid by high-earners in a bid to keep the Alpine nation attractive to international business after a minimum 15% global corporate tax rate was approved.

“I could well imagine that some cantons will flatten out the tax progression a bit in order to become more attractive for high-income employees,” Ueli Maurer said in an interview with newspaper NZZ am Sonntag.