Renegotiation of the OECD’s tax agreement marks the “crash of global minimum taxation,” a Swiss official said Monday.
Fabian Baumer, vice director and head of tax policy at the Swiss tax authority, said disagreements between the US and other countries over the fate of the 15% global minimum tax deal have “the potential to further undermine the work of the OECD.”
“I’m not very optimistic for the future of multilateralism in tax policy,” he said, speaking at the 2025 MAP Day conference at the University of Lausanne’s Tax Policy Center.
Baumer said Switzerland faces “quite a nasty situation” because any ...