Swiss Parliament approves VAT hike to fund the 13th AHV pension payment but rejects mixed funding proposal.
Parliament increases VAT for the 13th AVS pension
Keystone-SDA
On Wednesday, the Swiss House of Representatives rejected the proposal for mixed funding of the 13th payment of the Swiss old-age and survivors' (AHV/AVS) pension. It accepted only the 0.4-point increase in Value Added Tax (VAT), but not the 0.2-point rise in employees’ contributions.
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