Swiss Government Backs VAT Increase to Fund 13th Pension

Telegrafi

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The Swiss government has backed an increase in Value Added Tax (VAT) to finance the 13th payment of the Swiss old-age and survivors' pension (AHV/AVS). On Monday, the government spoke in favor of an increase of 0.4 percentage points, from 8.1% to 8.5%, ahead of the referendum on November 29. A double majority will be required for the approval of this decision. To finance the 13th AHV/AVS pension, which will start being paid from December 1, 4.2 …

Le Temps

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In order to finance the 13th AVS pension, it is necessary to raise the VAT, supported on Monday Elisabeth Baume-Schneider. To this end, the double majority of the people and the cantons will be required during the vote on 29 NovemberThe financing of the 13th AVS pension must go through an increase of the VAT, according to the Federal Council. The latter defends an increase of 0.4 percentage point, from 8.1 to 8.5%. During the vote on 29 November…

Neue Zürcher Zeitung

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At the end of November, the voters decide whether the additional expenditure for the 13th AHV pension will be financed at least partly by an increase in VAT. Or whether the gap in pension provision will increase.

Schweizer Radio und Fernsehen (SRF)

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At a press conference, the Federal Councillor presented the Federal Government decision on supplementary financing.

RTS

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The financing of the 13th AVS pension must go through an increase of VAT, according to the Federal Council. The latter defends on Monday an increase of 0.4 percentage point, from 8.1 to 8.5%, with a view to the vote on 29 November. The double majority will be required for the vote.