The project is divided into two pillars:
- Pillar 1 aims to adapt the current international provisions on the tax allocation of large corporate groups' profits (market jurisdiction taxation). In-scope companies are multinational enterprises with global annual turnover above EUR 20 billion and profitability above 10%.
- Pillar 2 should introduce a minimum tax rate of 15% for internationally active corporate groups that reach the threshold of EUR 750 million in turnover.
Switzerland favours long-term, broad-based multilateral solutions rather than a multitude of confusing national measures.