How the Swiss voted this weekend
The results are in and its bad news for big companies as the new tax reform was rejected by a large majority (over 60%). Arguing that the parliament had not produced enough concrete numbers as to the actual cost of this new tax reform for individuals and businesses, the naysayers managed to convince a large majority to vote against the initiative. Although feeling victorious today, they know that this is not the end of the line. A tax reform will need to take place in the coming years. Negotiations will resume in spring on this subject both in parliament and on the European level.
Luzern is already facing the consequences of this vote result as this means that, as of 2019, there will be 34 million francs less flowing in the town’s coffers, which in turn means that more cuts will be necessary if the town is to balance the books. To be followed.
The initiative to make it simpler for 3rd generation foreigners to apply for Swiss citizenship was approved by just over 60% of the population. The majority of cantons voted yes except for Uri, Schwyz, Obwalden, Appenzell, Glarus, Thurgau & St Gallen.
Finally the initiative for a fund for transport needs was also approved by a majority of over 60%. This means that over 3 billion francs will be earmarked for road and transportation works. To achieve this number there will be, amongst others, an increase of 4 cents per liter of fuel as of 2019.
The next referendums will take place in May.