The timetable is ambitious. By the end of 2020, more than 130 countries in the OECD's Inclusive Framework are supposed to reach an agreement on new tax rules for multinational entities. Switzerland is also participating in these efforts.
On 18 June 2019, Facebook announced the creation of a new cryptocurrency, Libra, managed by a Geneva-based association, the Libra Association. Its members include major multinationals and non-governmental organisations.
On 17 July 2019, the US Senate approved the 2009 protocol amending the double taxation agreement (DTA) in the area of income tax between Switzerland and the USA. It is a milestone in the tax relations between Switzerland and the USA.
At Japan's invitation, which in 2019 will preside over the Group of Twenty major industrialised and emerging countries (G20), Switzerland will participate in the Finance Track again this year. Within this framework, the G20 addresses key issues relating to the global financial and economic system.
According to current plans, the OECD is to publish a report in 2020 on long-term solutions that once again adapt international corporate tax rules. In the light of this report, the SIF has prepared Switzerland's position.