Swiss president: ‘We already have a fair tax system’

Swiss voters have clearly rejected a political experiment by rejecting the inheritance tax initiative, says Finance Minister Karin Keller-Sutter. She emphasised that the tax system and climate policy in Switzerland were working. +Get the most important news from Switzerland in your inbox "The introduction of a national inheritance tax would have unbalanced our tax system," Keller-Sutter, who also holds the rotating Swiss presidency this year, told the media in Bern on Sunday. "This would have damaged Switzerland's attractiveness." According to Keller-Sutter, the resounding no to the referendum was a commitment to Switzerland as a business location. However, the vote does not mean a rejection of climate policy, she said. It is just that the initiators' concerns have already been fulfilled. After all, Switzerland invests around CHF2 billion ($2.5 billion) a year in climate protection, she said. Keller-Sutter also believed that the tax system did not need to be fundamentally changed.