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S U B S C R I B E
Monday, 24 September, 2012
Vote leaves tax regime for the rich in Bern mostly intact
Famous Gstaad residents, including Formula One boss Bernie Ecclestone and French rock star Johnny Hallyday may have opened a bottle or two of champers last night. Why? Well Bernese voters have rejected an initiative to abolish the tax regime that’s attracted the wealthy to settle down there. But they did restrict the qualifying conditions to pay what’s called “lump sum tax.” They allow wealthy foreigners who live there to be taxed on their spending, rather than on their wealth and income. Bern Social Democrat Margret Kiener Nellen fought to abolish the lump sum taxes and talks WRS’s Dave Goodman:
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