The voters in Switzerland extended their overwhelming support to increasing the global minimum tax rate to 15 per cent for multinational corporations, as 79 per cent of people voted in favour, showed projections published shortly after polls ended.

Switzerland: People vote for 15 per cent tax rate hike for multinationals

Governments will get more power to tax big multinationals like Google, Apple and Facebook doing business in their countries under a proposed overhaul of decades-old rules.

Multinationals face heftier tax hit in biggest overhaul for decades

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