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 Swiss voters reject gold, immigration proposals, as well as closing down tax perks for expatriates

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RR Phantom

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Swiss voters reject gold, immigration proposals, as well as closing down tax perks for expatriates  Vide
PostSubject: Swiss voters reject gold, immigration proposals, as well as closing down tax perks for expatriates    Swiss voters reject gold, immigration proposals, as well as closing down tax perks for expatriates  Icon_minitimeSun Nov 30, 2014 7:20 pm

Swiss voters overwhelmingly rejected proposals on Sunday to boost gold reserves and impose strict new curbs on immigration, averting a potential nightmare for policymakers struggling with a popular backlash against the country's open borders.

Swiss voters reject gold, immigration proposals, as well as closing down tax perks for expatriates  Article%20Lead%20-%20wide6369998511qjd5image.related.articleLeadwide.729x410.11xb81.png1417379210348.jpg-620x349

The referendums are part of a recent flurry of initiatives under Switzerland's model of direct democracy that have threatened to undermine the non-EU member's reputation for stability.

They reflect a growing public view that Switzerland is under siege from foreign workers eroding its Alpine culture and from trading partners who have insisted in recent years that the Swiss dismantle their business model based on banking secrecy.

"The result of both today's gold and immigration referenda show that the Swiss public want to pursue a coherent international economic policy and do not want to create new tensions with their EU neighbours," said Reto Foellmi, Professor of International Economics at the University of St. Gallen.

Read more: http://www.smh.com.au/business/world-business/swiss-voters-reject-gold-immigration-proposals-salvaging-eu-ties-20141201-11xb81.html#ixzz3KbJxQRmR
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Swiss voters reject gold, immigration proposals, as well as closing down tax perks for expatriates  PgkowJT
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