In Geneva, the middle class should pay less taxes. The right-wing majority of the Grand Council accepted a bill along these lines on Friday. The introduction of the compulsory referendum will allow the people to have the last word.
“This bill is fair, balanced and dynamic. It strengthens purchasing power through a reduction in income taxes and provides a breath of fresh air to the middle class who do not receive state aid,” said noted Sébastien Desfayes, majority rapporteur. And the deputy from the Center recalled the surplus of 1.4 billion francs in the 2023 accounts, which shows that Geneva does not have a revenue problem.
The right-wing text was modified in the Finance Committee following the acceptance of a general amendment from the Council of State aimed at increasing the tax reduction for median incomes, explained Mr. Desfayes. The average decrease is 8.7%, while the range of decreases is from 5.4% to 11.4%.
Tax losses are estimated at 326 million for the canton and 108 million for the municipalities. “Since 1999, all tax cuts in the canton have resulted in an increase in tax revenue through a dynamic effect,” underlined Mr. Desfayes. And even if the drop is significant, Geneva will remain the canton with the highest taxes in Switzerland, he indicated.
This article was automatically published. Source: ats
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