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Swiss voters reject corporate tax overhaul

Why Trump's tax plan could raise taxes for 8.7 million households Why Trump's tax plan could raise taxes for 8.7 million households

Voters in Switzerland have shocked the political establishment by rejecting a reform plan that would have brought the country's corporate tax system in line with international norms.

The tax reforms, which were widely supported by the business community, would have removed a set of special low-tax privileges that had encouraged many multinational companies to set up shop in Switzerland.

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