Swiss competitive edge under threat following rejection of tax reform


SWISS voters have shot down the government's plan to reform corporate taxation, a decision that risks hurting its appeal as a place for multinational companies.

After opponents said the reform was a series of "complicated tax tricks", voters opposed it by 60 per cent to 40 per cent, according to projections on broadcaster SRF.

Polls had suggested that the electorate was evenly split on the measure, which would have given companies tax reductions for income from patents and research and development...

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