Geneva Voters Turn Down Wealth Tax Increase for Richest 1%

The measure failed with 55.12% of people voting against, according to final government results published on Sunday. The plan to temporarily lift the wealth tax from 1% to 1.5% for individuals with assets worth more than 3 million francs ($3.4 million) -— proposed by a coalition of leftist lawmakers, unions and activists during the pandemic — aimed to boost fiscal revenue