Swiss back corporate minimum tax, climate change action and COVID policy

On Sunday, voters in Switzerland participated in three referenda, expressing their support for significant measures in fiscal matters, environmental policy, and COVID-19.

Firstly, they endorsed a 15% minimum tax for large multinational companies, aligning with the international agreement established by the OECD. This decision holds particular significance in various cantons where such a tax requirement was not in place.

Switzerland, final results:

OECD/G20 Project (Constitutional Amendment)

Support: 78.45%
Oppose: 21.55%

Turnout: 42.37%

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— Europe Elects (@EuropeElects) June 18, 2023

Additionally, the voters showed their backing for increased public funding aimed at combating climate change.

The approved legislation encompasses a gradual reduction in oil and gas consumption, incentivising the adoption of climate-friendly heating systems through government financial support. Furthermore, companies investing in climate protection initiatives will receive financial assistance from the state. The ultimate objective of these measures is for Switzerland to achieve carbon neutrality by 2050.

Switzerland, final results:

Climate & Innovation Act (Indirect Parliamentary Counter-proposal to the Glacier Popular Initiative)

Support: 59.07%
Oppose: 40.93%

Turnout: 42.54%

➤ https://t.co/bwwWi5iFIX#CHvote #Abst23 #VotazioniCH #Votaziuns pic.twitter.com/yuYnSkXrZ8

— Europe Elects (@EuropeElects) June 18, 2023

In the third referendum, 62% of the electorate supported the current government measures implemented to address the COVID-19 pandemic. This marks the Swiss citizens’ third approval of the Covid-19 law, enabling the implementation of protective measures in case of a resurgence of the pandemic.

Switzerland, final results:

COVID-19 Act (Amendment)

Support: 61.94%
Oppose: 38.06%

Turnout: 42.49%

➤ https://t.co/bwwWi5iFIX#CHvote #Abst23 #VotazioniCH #Votaziuns pic.twitter.com/0gUCRKoYfj

— Europe Elects (@EuropeElects) June 18, 2023

The voter turnout was 42%. Switzerland’s frequent holding of referenda sets it apart from other European states, showcasing its commitment to direct democracy and involving citizens in crucial decision-making processes.

(Tobias Gerhard Schminke | EuropeElects)