Swiss govt, parliament favour minimum tax for large corporations

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BERLIN, April 24 (Reuters) – Switzerland’s federal council and parliament recommend that voters accept a push to implement minimum taxation on large multinational enterprises ahead of a referendum on the issue next month, the department of finance said on Monday.

Switzerland is one of around 140 countries that have signed up to an OECD/G20 project aiming to apply a minimum tax rate of 15% on multinational corporations.

Swiss voters are due to vote on the required constitutional amendment on June 18.

($1 = 0.8901 Swiss francs)

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