The OECD Inclusive Framework OECD's programme of work proposes solutions based on two pillars. The OECD is to work out the details by the end of 2021:
- Pillar 1 provides for a shift of taxing rights to market jurisdictions. Companies with more than EUR 20 billion in annual turnover and a profit margin of more than 10% will have to pay tax on some of their profits in the market area. In Switzerland, this is likely to concern less than a handful of large companies.
- Pillar 2 provides for a minimum tax rate of at least 15% for companies operating internationally with more than EUR 750 million in annual turnover. Around 200 Swiss companies plus a large number of Swiss subsidiaries of foreign groups exceed this turnover threshold.
Switzerland prefers long-term, consensus-based multilateral solutions rather than a multitude of uncoordinated national measures.