BASEL, Switzerland — The Latest on Switzerland’s referendums on Sunday (all times local):
Early returns show that Swiss voters have rejected a complex tax reform initiative
which had aimed to put Switzerland in line with international standards.
Early returns show Swiss voters want to make it easier for "third-generation" foreigners to get Swiss citizenship.
Swiss broadcaster SRF said Sunday’s projections showed
that the "simplified naturalization of third-generation immigrants" measure passed in a national referendum.
Experts say that means that overall rates are likely to be set higher — which would
be a disincentive to companies that bring in jobs and ultimately tax revenues.
The citizenship referendum was the latest installment of Switzerland’s direct democracy that gives voters a frequent say on political decisions.
The Latest: Swiss Voters Reject Tax Reform Initiative -
By THE ASSOCIATED PRESSFEB.