Zug voters wave tax cut through
Published: Sunday, Nov 26th 2023, 13:00
العودة إلى البث المباشر
The low-tax canton of Zug can lower its taxes. On Sunday, the people of Zug approved the tax cut with 72.3% of votes in favor.
23,201 people voted in favor of the eighth tax law revision, which is due to come into force in 2024. 8892 rejected it. The voter turnout was 42.2 percent.
In July, the cantonal parliament held a referendum against the revision of the tax law. The reason for the revision, which is due to come into force in 2024, is the good financial situation of the canton of Zug. The 2022 state accounts alone closed with a surplus of CHF 332 million, once again a record high.
Among other things, the tax law revision provides for an increase in deductions for childcare and a reduction in wealth tax. In addition, the income tax rate will be adjusted and personal deductions will remain increased indefinitely.
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