1. “The United States will not apply the minimum tax, but will help other countries to apply it”
It is a real tax escalation which ended on Friday June 27 thanks to the agreement concluded between the countries of the G7. In Toronto, the United States has obtained that the minimum world tax of 15% does not apply to American multinationals. In return, they gave up reprisals brandished then in article 899 of the “Big Beautiful Bill” (BBB), also nicknamed “avenging tax”. Since then, this budgetary law has been adopted by Congress and promulgated by Donald Trump on July 4.
Two tax standards will thus coexist. For the former official of minimum tax negotiations at the OECD and now a professor at the University of Lausanne Pascal Saint-Amans, many details remain to be settled. But contrary to what some had predicted, the minimum world tax will survive the Trump administration, he assures. Interview.
2. Frankencoin now available on MT Pelerin
Frankencoin (ZCHF), virtual currency backed by the franc whose decentralized operating protocol has been developed by the eponymous Zugoise association, is now available on the Neuchâtel portal Mt Pelerin. Unlike the USDT of the Géant Tether and the USDC of Circle – Mirrors of the Dollar – This digital Swiss franc is not issued by a company. According to Johannes Kern, director general of the Frankencoin association, ZCHF should be adopted mainly by international users, and is called upon to become a reserve currency. Interview.
3. Fortune managers irritated by the Finma tax
The Swiss Association of Fortune Managers (VSV/ASG) gave itself a bad mood gesture on Thursday to the Federal Authority for the Surveillance of the Financial Markets (Finma): it has publicly criticized the tax in a position linked to the surveillance costs.
Based on the annual accounts of 2024, “these remedied costs amounted on average at around 6,500 francs per company against 3,148 francs in 2023”, explains the ridge in its letter. By adding the costs of surveillance organizations (OS), the invoice exceeds in some cases 10,000 francs per company, she adds.
