Genevans support a tax cut

Genevans support a tax cut
Genevans support a tax cut

Published on November 24, 2024 at 1:58 p.m. / Modified on November 24, 2024 at 4:05 p.m.

This Sunday, the people of Geneva clearly supported one of the major proposals of the legislature. The disclosure of the partial results, at the stroke of noon, did not maintain the suspense, as it was clear that the object would pass the ramp. No less than 61% of the population approved a general reduction in income tax, coming from the ranks of the right of the Grand Council and endorsed by the majority of the Council of State, which reaches on average 8.7%. The reform was contested by the left through a referendum, judging irresponsible the resulting loss of tax revenue, to the tune of 434 million francs for the State of Geneva and the municipalities. Conversely, the authorities estimated that after record surpluses, achieved in 2022 and 2023, communities can afford it. At 45.7%, participation is high, a sign that this object, as well as important federal subjects, has mobilized.

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