Devdiscourse News Desk | Switzerland
Swiss voters easily approved on Sunday a shake-up of the country's corporate tax system, heading off what its finance minister had called an existential threat to Switzerland's role as a business hub, projections for Swiss broadcaster SRF showed.
The projections from the gfs.bern polling outfit saw the measure passing in the binding referendum by a 66-34 per cent margin.
The vote on tax reform and pension finance defuses a long-running row over favourable Swiss tax rates for multinational corporations. Acceptance was vital to prevent the country from being branded a low-tax pariah, Finance Minister Ueli Maurer has said.
(With inputs from agencies.)
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