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Swiss voters approve tax and pension overhaul

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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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