Zurich Follows UK Parliament’s Multinational Tax Approach

Zurich Follows UK Parliament’s Multinational Tax Approach

Tax authorities in the Swiss canton of Zurich have negotiated with Google, demanding that the company pay more in tax, following the UK parliament’s example.

Google Switzerland had come under increasing fire recently for paying comparatively small corporation tax in Switzerland. However, it is also believed that Google benefits from tax relief accorded by Zurich in return for high levels of corporate investment in the Swiss canton.

The practice of Swiss cantons regarding favorable corporate tax rates to multinationals under certain provisos faced mounting criticism from the European Union, which has urged Switzerland to fix the situation to ensure that an appropriate level of corporation tax is paid.

Matthias Meyer, a spokesman for Google, insisted that the company is already paying a substantial contribution in wage and corporation taxes and complying with all tax requirements in the Confederation. Located in Zurich, Google Switzerland is Google’s largest development center outside of the US, employing over 800 staff. Google also has plans to carry out further investment in the area and to hire an additional 300 staff.

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