… admittedly a rare event but following a long string of corporate tax breaks, this one was one too many:
Voters have thrown out a plan to abolish stamp duty on equity capital for Swiss companies, dealing a blow to the government and parliament.
Final results show 62.7% of voters rejecting the proposed reform, challenged by the political left in a nationwide referendum on Sunday. The tax reform won a majority only in canton Zug, known as the seat of many multinational companies.
It is the second time in five years that the political left have succeeded in blocking corporate tax breaks. …