Reuters reports that after the Group of Seven (G7) nations reached a deal to reduce the incentive of multinational companies to shift profits to low-tax offshore havens, the Swiss government said that Switzerland will make sure it remains attractive to business.

"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," finance ministry said.

G7 finance ministers agreed on Saturday to back a minimum global corporate tax rate of at least 15% to squeeze more money out of sprawling companies such as Amazon and Google.