{"id":33261,"date":"2024-05-08T10:17:59","date_gmt":"2024-05-08T08:17:59","guid":{"rendered":"https:\/\/fidulex.ch\/?p=33261"},"modified":"2024-09-16T14:22:45","modified_gmt":"2024-09-16T12:22:45","slug":"towards-lower-taxes-in-geneva","status":"publish","type":"post","link":"https:\/\/fidulex.ch\/en\/towards-lower-taxes-in-geneva\/","title":{"rendered":"Towards lower taxes in Geneva"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"33261\" class=\"elementor elementor-33261\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3226a444 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3226a444\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-75ff29eb\" data-id=\"75ff29eb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-234bd50d elementor-widget elementor-widget-image\" data-id=\"234bd50d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/fidulex.ch\/wp-content\/uploads\/elementor\/thumbs\/vers-une-baisse-des-impots-a-geneve-qnukrn09bvcgkrqx9vzgrpr21h3oc7092ybbgh0nts.jpg\" title=\"Towards lower taxes in Geneva\" alt=\"Towards lower taxes in Geneva\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-79b865cb elementor-widget elementor-widget-text-editor\" data-id=\"79b865cb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>At the beginning of May, Geneva's Grand Council voted in favor of a tax cut, mainly affecting the middle class, for whom the tax reduction will be most significant. The decision was taken after a vote of 65 in favor and 32 against.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a43b425 elementor-widget elementor-widget-heading\" data-id=\"1a43b425\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tax relief for the middle class<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2cc94e3e elementor-widget elementor-widget-text-editor\" data-id=\"2cc94e3e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This bill provides for a reduction in income taxes for the people of Geneva ranging between <b>5,3%<\/b> for the highest brackets and <b>11,3%<\/b> for those in the middle class, with an average drop of <b>8,7%<\/b>. These tax cuts are intended to improve citizens' purchasing power and stimulate the Geneva economy.<\/p><p>The right-wing majority in the Council, which supports this measure, explains that this tax cut is a necessary response to recent budget surpluses: <b>1.4 billion francs<\/b> in 2023. This proves that the canton can afford to cut taxes without damaging its public finances.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9197732 elementor-widget elementor-widget-heading\" data-id=\"9197732\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The left in reserve<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae43c2d elementor-widget elementor-widget-text-editor\" data-id=\"ae43c2d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The left, on the other hand, fears that this tax cut will lead in the long term to deficits in essential public services, as a result of reduced tax revenues. Socialist MP Sylvain Th\u00e9voz is particularly critical of what he sees as an undue favor granted to high-income earners, to the detriment of public finances and social justice.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-119f406 elementor-widget elementor-widget-heading\" data-id=\"119f406\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What next?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f454563 elementor-widget elementor-widget-text-editor\" data-id=\"f454563\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A mandatory referendum, following the amendment proposed by the right, will enable Geneva's citizens to vote on this tax cut. The left wished to amend the bill by requiring any tax changes to offset potential losses for the communes, but this amendment was rejected. If the referendum is successful, the tax cut will take effect from <b>2025<\/b>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Towards lower taxes in Geneva? Geneva's Grand Council has voted in favor of a tax cut. <\/p>","protected":false},"author":1,"featured_media":33266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[57],"tags":[],"class_list":["post-33261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualites"],"_links":{"self":[{"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/posts\/33261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/comments?post=33261"}],"version-history":[{"count":30,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/posts\/33261\/revisions"}],"predecessor-version":[{"id":35953,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/posts\/33261\/revisions\/35953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/media\/33266"}],"wp:attachment":[{"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/media?parent=33261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/categories?post=33261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/tags?post=33261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}