In order to ensure strong institutions and the well-being of society, governments spend a considerable amount of the state's budget on public goods and services, which are funded by taxes paid by individuals and corporations¹. Corporate taxes accounted for an average of 10% of all tax revenues received by the OECD countries in 2018². On average, the statutory corporate tax rate currently stands at 24% globally^3;p1.

Komax Holding AG is a Swiss-based company⁴. In 2021, the company employed 2,121 people in 60 countries globally^5;p51.

In the period from 2019 to 2021, based on the company's income statement, Komax Holding paid a cumulative $19 million (Mn) USD in corporate taxes, corresponding to an average tax rate of around 70%^5;p86,96,^6;p88,98, which is way above the global statutory corporate tax rate^3;p1.

However, the corporate taxes paid may only be the tip of the iceberg as Social Security contributions alone account for a quarter of the total tax received by the OECD countries on average^2;p2. The company claims to have contributed around $27 Mn in social security and pension in 2021^5;p95.

Komax Holding's corporate and payroll taxes contribute significantly to the provision of public goods and services in Switzerland and internationally.

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