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Swiss Parliament Backs VAT Rise to Fund Extra Pension Payment

  • Swiss parliament is still divided over how to fund the 13th monthly state pension payment approved by voters two years ago.
  • The National Council backed financing it temporarily through a VAT increase only, rejecting a compromise that also raised salary contributions.
  • The lower house also extended the temporary VAT funding period to the end of 2033 instead of 2030.
  • Left-wing parties prefer payroll taxes, while opponents say that would overburden a shrinking workforce.
  • The social insurance minister said the measure still needs a permanent long-term funding solution.

Source: lenews.ch

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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