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Image header Agence Europe
Europe Daily Bulletin No. 11208
Contents Publication in full By article 15 / 34
ECONOMY - FINANCE / (ae) taxation

Swiss oppose end of lump-sum taxation

Brussels, 01/12/2014 (Agence Europe) -By 59.2% of the votes cast to 40.8%, the Swiss rejected the popular initiative launched by the Left aiming to abolish lump-sum taxation, known as 'End tax breaks for millionaires'.

Only the Canton of Schaffhouse took position in favour of abolishing the system, whereby foreigners who live in Switzerland but do not earn their living there pay a fixed amount of tax based on their living expenditure. The popular initiative aimed to tax such people on their...

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