Switzerland mulls tax breaks for US digital giants: media report

Switzerland is ready to waive profit taxes for United States digital giants, such as Google and Meta, if they base operations in the Alpine state, according to media reports. +Get the most important news from Switzerland in your inbox The rumoured tax gift comes against the backdrop of the US slapping 39% tariffs on Switzerland. A US court decision declaring part of the new tariff illegal is good news for Switzerland, even if it will be up to the Supreme Court to decide. In the meantime, Bern is continuing its diplomatic efforts and is considering coddling the digital giants to appease US President Donald Trump. According to the NZZ am Sonntag, the Federal Council is ready to promise that the profits of large US tech companies will not be taxed in Switzerland. This commitment is reportedly included in the new draft agreement between Bern and Washington. The idea is to capitalise on an issue that irks Trump the most: Europe’s desire to make large technology companies pay up. These ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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