Swiss parliament chooses VAT rise to fund extra pension payment

Swiss parliament chooses VAT rise to fund extra pension payment
Two years after Swiss voters approved the introduction of a 13th monthly state pension payment, parliament remains divided over how to finance it. The debate has further sharpened concerns about the unsustainability of Switzerland’s pay-as-you-go pension system as the population ages. Left-wing parties accuse conservative and liberal politicians of trying to use the funding debate […]