Appenzell Outer Rhodes has become the third canton to abolish lump sum taxation for wealthy foreign residents.
This content was published on
1 minute
swissinfo.ch and agencies
A clear majority of voters on Sunday approved the proposal by the centre-left Social Democrats, according to official results.
In a similar ballot in canton Lucerne, voters rejected abolition. They opted instead to increase the tax rate to seven times the annual rental value of the residence, instead of the current five.
Over the past two years, cantons Zurich and Schaffhausen have voted to do away with the preferential tax system, while St Gallen and Thurgau have raised their tax level.
Further cantonal votes are scheduled later this year. Moves are also underway at a federal level.
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Lump-sum taxation for wealthy foreigners to stay
This content was published on
Tax will be set on the basis of seven times the annual rental value of their residence, instead of five. For those living in a hotel, it will be the equivalent of three times their annual boarding and food costs instead of two. For example, a person who would pay a rent of SFr60,000 ($65,397)…
This content was published on
There were 5,445 such taxpayers in 2010, an 8.8 per cent rise from 2008-2010, according to a study by the Conference of Cantonal Finance Ministers. But that’s less than in recent years. The number of such taxpayers grew by around 20 per cent in 2006-2008. Receipts of tax income of foreigners, who live but don’t…
Zurich hits rich foreigners, like Tina, in the pocket
This content was published on
The move may prompt rich individuals already living in Zurich, such as pop diva Tina Turner, Russian business tycoon Viktor Vekselberg and German milk baron Theo Müller, to take their homes and income elsewhere. Some 52.9 per cent of the electorate – or 216,000 people – backed an initiative from the leftwing Alternative List political…
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.