Switzerland votes on VAT rise
- Aug 18, 2017 | Richard Asquith
Switzerland is to vote on September 24 whether to raise its VAT rate from 8% to 8.6%.
A gfs.com poll this week has put the in-favour vote at 53% of the electorate. The rise is designed to help fund pension fund reforms. The VAT increase would fund a compensation payment to retiring workers who will lose out on the reforms.
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