Swiss on Track to Endorse Welfare Reform in Vote, Split on Tax

Less than two weeks before a national referendum, Swiss voters remain on track to endorse a project to reform the country’s national social-security system but are still undecided on whether to back a proposal to change withholding-tax rules, according to a fresh poll.

(Bloomberg) — Less than two weeks before a national referendum, Swiss voters remain on track to endorse a project to reform the country’s national social-security system but are still undecided on whether to back a proposal to change withholding-tax rules, according to a fresh poll.

  • The Sept. 4 survey for national broadcaster SRG said 59% of respondents were certain or likely to vote on Sept. 25 for the proposed reform of the country’s welfare plan, known by its acronym AVS. That was down from 64% in an August survey.
    • A separate move to raise Swiss value-added tax to increase AVS funding had the support of 63% of those polled, according to pollster gfs.bern, which conducted the survey for SRG.
  • The percentage of those polled who said they’re certain or likely to endorse the plan for withholding tax slipped to 47% from 49% in August. Those planning or likely to vote against it climbed to 44%, with 9% undecided. The measure intends to encourage the issuance of debt by exempting domestic bonds from the tax.
  • A proposed initiative calling for “no to intensive farming” has the backing of 47% of certain or likely voters, down from 51% in August.

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