Geneva refuses to tax large shareholders more

Shortly after noon, the results came in, causing great relief among economic circles. By 59.2% of the vote, the people of Geneva refused the Initiative 179 of Ensemble on the left “Against the virus of inequalities… Let’s resist! Let’s remove the tax privileges of large shareholders. In tax matters, the population tends to be conservative, refusing both tax increases and tax cuts. The Chancellery deplored a “fairly low” participation rate, at 37.9%.