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Local governments decide against raising tax to fix financial losses

National News // May 29, 2020

The finances of Swiss cities have taken a hit due to the shut-down, but local governments are being urged not to raise taxes to fix their balance sheets. 

Photo by StellrWeb on Unsplash Local governments decide against raising tax to fix financial losses

The Union of Swiss Cities says many municipalities have taken steps to protect commercial tenants, the self-employed and crèches. 

Many cities say they plan to increase debt, cut expenditure and sell assets instead of raising tax to make up the shortfall. 

 

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