The new tax regime would replace special tax breaks that multinational companies now enjoy but which Switzerland is forced to do away with to comply with international rules. While Switzerland isn’t a member of the EU, it is in the open-border Schengen area and therefore the law needs to be changed in accordance with stricter rules in the bloc. Both measures are up for a vote because of Switzerland’s system of direct democracy which calls for mandatory referendums if 50,000 votes are collected within 100 days of a law passing.
from Yahoo News - Latest News & Headlines https://yhoo.it/2WdrhEf
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