Swiss referendum set to back global minimum corporate tax, climate goals
The results showed 79% of those who voted in Sunday's national referendum backed raising the country's business tax to the 15% global minimum rate from the current average minimum of 11%, while 59% supported the climate law.
Even with the increase, Switzerland will still have one of the lowest corporate tax levels in the world, and the Proponents say the law is the minimum the wealthy country needs to do to prove its commitment to fighting climate change while opponents from the right wing People's Party say it will jeopardise energy security.
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