In an interview with the Tribune de Genève, the Swiss president, Karin Keller Suter, says she gives the state of the federal finances a score of 5 out of 10 – and acknowledges Geneva will be contributing significantly for the next few years.
She says the state will be running a deficit if CHF 3bn .
But Geneva, thanks the commodity trading sector, will be contributing several hundred million a year.
But she says the government is looking to increase tax on 2nd and 3rd pillar pension contributions for those who wish to take a lump sum – commonly done by expats.
She says it’s preferable if people take an annuity.
Heat to stay for now
Growing anger over World Cup red card
Fire damages trees in the Jardin Anglais
Cows sweltering in the heat
Lake Geneva nudists fight for their lake section
Holiday makers seek more than the sun
