Tax Deal with Switzerland: No Referendum

Politics ♦ Published: October 2, 2012; 18:28 ♦ (Vindobona)

The opponents of the treaty between Austria and Switzerland could not collect enough votes. About 47,500 signatures could be collected.

Tax Deal with Switzerland: No Referendum / Picture: ©

The Swiss young socialists and a citizens´ forum wanted to hold a popular vote on the tax treaty. However, the limit of 50,000 signatures could not be reached. The opponents argued that Switzerland may give up its bank secret and its tax sovereignty. Tomorrow, the result of the petition will be presented.

For Austria, a negative popular vote have would caused a loss of tax…