Swiss canton votes on a 12% tax cut
Voters in the Swiss canton of Vaud will head to the polls on 27 September to decide on a tax cut. The question is whether cantonal income and wealth taxes should be reduced by 12 per cent. Business groups support the move, arguing that lighter taxation would lift household purchasing power across the canton. The cantonal government stands firmly against the plan. Left-wing parties and trade unions have joined the opposition, warning that lower revenue would blow a hole in Vaud's public finances. They fear the shortfall would force cutbacks that residents would feel directly in everyday services. Both camps have spent the run-up to the vote making their case to the electorate. The result will settle whether Vaud chooses a smaller tax bill or keeps its revenue intact.
On September 27th voters in Vaud will decide whether to cut cantonal income and wealth taxes by 12%. Business groups say the measure would ease the tax burden and bolster purchasing power. The cantonal government, left-wing parties and trade unions warn that it would blow a hole in the public finances. The initiative is one […]