PARIS: Switzerland must still meet its international commitments on tax reform in a "reasonable time period" after voters rejected a revamp in a weekend referendum, the Organisation for Economic Cooperation and Development (OECD) said on Monday.
Swiss voters handed a setback to the government's plans to overhaul its corporate tax in a reform aimed at keeping Switzerland from being branded a low-tax pariah.
"Yesterday's rejection of the tax reform is not fatal to Switzerland's ability to meet its international commitments," OECD tax director Pascal Saint-Amans said in a statement to Reuters.
"Switzerland's partners will expect it to implement its international commitments within a reasonable time period and this need not happen within the context of a wider reform, which could take longer than the two years originally foreseen for these changes," he added.
Comments
Comments are closed for this article.