Published on November 7, 2024 at 1:02 p.m. / Modified on November 7, 2024 at 1:13 p.m.
On November 24, Genevans will vote on a general reduction in personal income tax. If they accept it, 63% of taxpayers in the canton will see their tax bill reduced by an average of 8.7%. For the State of Geneva, the loss of revenue is estimated at 326 million francs, to which is added 108 million within the 45 municipalities. The reform would apply from January 1.
The decline is undoubtedly significant; the whole question is whether Geneva can afford it. For the right and the Council of State, except for the two socialist magistrates, the answer is yes. For the left, it’s no, hence the referendum.
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