Tax revenue hit by pandemic

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The pandemic has hit last year’s tax revenue. The latest 2020 numbers from the Confederation show total revenue was just under CHF 54bn – almost down CHF 4bn on the previous year.

VAT income was also down by CHF 400m. 

But federal income tax was up on 2019 – mainly down to the fact it’s calculated on the previous year’s activity.
 

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