No tax cuts on fuel in Switzerland - News Summed Up

No tax cuts on fuel in Switzerland


This week, Switzerland’s upper house rejected proposals to cut the tax on fuel to counteract the impact of sharp price rises, reported RTS. Photo by Engin Akyurt on Pexels.comNeighbours France, Germany, Italy and Austria have all cut the tax on fuel. However, most other parties do not support fuel tax cuts. On the left, the focus is on support targeted at those with the least means rather than broad price cuts like the ones proposed on fuel tax. There were also concerns around how to compensate for the lost revenue that would come from any tax cuts, especially following the debt burden created by the Covid pandemic.


Source: Le News June 17, 2022 19:50 UTC



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