OCSE tax on multinationals: distant goals, only 564 million in 2025
The minimum tax rate of 15% for multinationals in Switzerland raised 564 million francs in 2025, far below the federal council's billion-dollar targets.
Contesto
Deloitte Analysis: Revenues Below Expectations The 15% minimum tax for multinational corporations, proposed by the OECD in 2021, came into force in Switzerland in 2024 after receiving widespread popular approval. However, the results are disappointing according to a study published Thursday by the consulting firm Deloitte. Tax revenues have increased significantly, but they are expected to remain below the Confederation's expectations in the coming years. The tax applies to companies with a turnover exceeding 750 million francs, with the profit taxed at 15%. ## Disappointing Data for 2025 According to the analysis, the 50 largest listed groups in Switzerland will pay approximately 564 million francs in additional taxes in Switzerland and abroad for 2025. This represents a 132% increase compared to 2024. However, the higher revenues expected by the Federal Council range between 1.5 and 3.5 billion francs, a target deemed unreachable by experts. > "Initial expectations were too optimistic," stated a Deloitte spokesperson. ## Key Sectors and Main Contributors One reason for the gap is the special treatment for U.S. groups that will come into effect on January 1, 2026. Additionally, the additional taxes are concentrated in a few sectors. Thus, the pharmaceutical and financial sectors have contributed to 90% of the total OECD tax revenues. The two largest contributors alone cover three-quarters of the taxes: Novartis has paid 266 million francs, and Roche has paid 155 million francs. ### Concrete Examples - Novartis: With a turnover of 53.8 billion francs in 2023, Novartis paid 266 million francs in additional taxes. This represents approximately 5% of its annual net profit. - Roche: Roche, with a turnover of 71.5 billion francs in 2023, paid 155 million francs. This...
Dettagli operativi
Implications for cross-border workers and the Ticino economy The OECD minimum tax on multinationals, which came into effect on January 1, 2024, has a significant impact on cross-border workers and the economy of the Canton of Ticino. With the increase in taxes for large companies, there could be a ripple effect on salaries and employee benefits. For example, a multinational company based in Lugano operating in the financial sector could see an increase in its tax burden by 15%, moving from an effective rate of 12% to 20%. This could translate into a reduction in annual bonuses for employees, which could drop from an average of 15,000 francs to 10,000 francs. However, companies might try to offset these costs by reducing other expenses, which could indirectly affect cross-border workers. For example, a company based in Mendrisio might decide to cut training costs or reduce supplementary health care services for employees. Cross-border workers, who make up about 20% of the Ticino workforce, could therefore see a direct impact on their disposable income. ### Operational checklist for cross-border workers: - Check your employment contract: verify if there are clauses that provide for reductions in benefits in case of tax increases. - Consult an accountant: to understand how the OECD minimum tax could affect your income tax return. - Monitor company communications: companies might announce changes in remuneration policies. ## Comparison with initial goals The initial goals of the Federal Council were ambitious, with expected revenues between 1.5 and 3.5 billion francs. However, the 2025 data shows a significant gap, with only 564 million francs collected. This could lead to a review of future tax policies, with possible impacts on bilateral tax agreements between Switze...
Punti chiave
What to do for cross-border workers For cross-border workers employed in Switzerland, it is crucial to stay informed about tax developments, especially in light of the OECD minimum tax on multinational corporations. Here are some concrete steps to follow: 1. Monitor official communications: Ensure you receive updates from Swiss and Italian tax authorities. For example, the Italian Revenue Agency and the Swiss Federal Tax Administration regularly publish informational bulletins. In particular, cross-border workers residing in the Ticino municipalities of Lugano, Mendrisio, and Chiasso should pay attention to local communications, which often contain specific details for their situation. 2. Consult a tax expert: A consultant can help navigate the complexities of new regulations and optimize your tax return. For example, an expert can explain how the OECD minimum tax of 15% on multinational corporations might affect your income. Additionally, they can provide advice on managing tax deductions, which can vary significantly between Italy and Switzerland. 3. Use online tools: Tools like the tax calculator can help estimate the impact of new taxes on your income. For example, if you earn 80,000 CHF per year and reside in Lugano, the calculator can estimate that your OECD minimum tax might be approximately 1,200 CHF, depending on the applicable deductions. 4. Keep accurate documentation: Keep all tax documents and work contracts to facilitate your tax return. This includes receipts, work contracts, and documents related to any tax deductions. For example, if you have medical or transportation expenses, it is important to keep the relevant receipts to deduct them. ### Operational Checklist - Check official communications: Regularly check the websites of Swiss and Italian...
Punti chiave
{"q":"Which sectors contribute the most to OCSE tax revenues?","a":"The pharmaceutical and financial sectors have contributed to 90% of total OCSE tax revenues. Novartis and Roche, in particular, have paid 266 million and 155 million francs respectively."},{"q":"Why are the revenues lower than expected?","a":"Revenues are lower than expected due to the special treatment for US groups and the concentration of supplementary taxes on a few sectors. Additionally, there is a lack of complete data on subsidiaries of foreign groups."},{"q":"What can cross-border workers do to prepare for tax changes?","a":"Cross-border workers should monitor official communications, consult a tax expert, use online tools like the [tax calculator, and keep accurate documentation."}]
Frequently Asked Questions
- Which sectors contribute the most to OCSE tax revenues?
- The pharmaceutical and financial sectors have contributed to 90% of total OCSE tax revenues. Novartis and Roche, in particular, have paid 266 million and 155 million francs respectively.
- Why are the revenues lower than expected?
- Revenues are lower than expected due to the special treatment for US groups and the concentration of supplementary taxes on a few sectors. Additionally, there is a lack of complete data on subsidiaries of foreign groups.
- What can cross-border workers do to prepare for tax changes?
- Cross-border workers should monitor official communications, consult a tax expert, use online tools like the [tax calculator](nav:calculator), and keep accurate documentation.