Swiss voters approve global minimum corporate tax and net-zero carbon law amidst climate crisis.

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Source: Reuters.com
Swiss voters approve global minimum corporate tax and net-zero carbon law amidst climate crisis.
Photo: Reuters.com
TL;DR Summary

Swiss voters have approved a global minimum tax on businesses and a climate law that aims to cut fossil fuel use and reach zero emissions by 2050. The business tax will be raised to the 15% global minimum rate from the current average minimum of 11%, while the climate law has been brought back in a modified form after it was rejected in 2021. Voters also approved to extend some provisions of the country's emergency COVID-19 law. The proposals have been backed by business groups, most political parties, and the general public.

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