Swiss Voters Reject Nationwide Minimum Tax for Top Earners
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Switzerland’s voters rejected a proposal to increase taxes for the nation’s top earners, following the recommendations of most national leaders.
In a referendum today, 59 percent of voters turned down the proposal by the Social Democrats to enact minimum taxes on income and wealth. Residents would have paid taxes of at least 22 percent on annual income above 250,000 francs ($249,000), according to the proposed changes.