Swiss Finance Ministry: Switzerland will remain business-friendly after G7 tax deal

Switzerland’s Finance Minister said in a statement on Monday, the country will likely remain attractive to business after Group of Seven (G7) nations reached a landmark deal to back a minimum global corporate tax rate of at least 15%.

Key quotes

"For Switzerland, the focus is on the overall package of competitive framework conditions for its own business location.”

“Either way, Switzerland will take the necessary measures to continue to be a highly attractive business location.”

Earlier on, Swiss CPI rose 0.6% YoY in May vs. 0.3% reported in April.

USD/CHF reaction

The Swiss franc remains on the offer, despite the upbeat data and headlines, with USD/CHF retesting 0.9000, marginally higher on the day.