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Swiss Voters Approve Tax And Pension Overhaul

Video Credit: Wochit - Duration: 00:32s - Published < > Embed
Swiss Voters Approve Tax And Pension Overhaul

Swiss Voters Approve Tax And Pension Overhaul

According to Reuters, voters in Switzerland approved on Sunday a shake-up of the corporate tax system, heading off what its finance minister had called an existential threat to the country’s role as a business hub.

The vote on tax reform and pension finance defuses a long-running row over favorable Swiss tax rates for multinational corporations.

Finance Minister Ueli Maurer said that acceptance was vital to prevent the country being branded a low-tax pariah.

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