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Swiss Vote for Taxes

September 27, 2009 - 10:17am

In referendum elections Sunday, Swiss voters approved an 0.4 percent temporary increase in the country's value added tax, with the money targeted to shoring up the finances of the country's disability insurance system. The referendum prevailed with 54 percent of the vote. Opponents had claimed that the system's problems stemmed from fraud by people in other countries who pretend to live in Switzerland. More here.

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