November referendums[edit]
A further three referendums were held on 30 November on the country's gold reserves, abolishing the flat tax and limiting immigration.[12] All three were rejected by voters.
The gold reserves proposal would have required the Swiss National Bank to have gold reserves of at least 20% of the value of the assets of the Swiss National Bank, and see all Swiss gold currently held in the Federal Reserve Bank of New York returned to Switzerland.[13] The popular initiative was started by Swiss People's Party MP Luzi Stamm and two other MPs, with the 100,000 signatures required for a referendum obtained by early 2013.[14] The proposal was opposed by the Swiss National Bank and the Swiss government, as it would limit the SNB's ability to print money.[14]
The flat tax abolition proposal called for residents and non-working foreigners to be taxed based only on their income and their assets, [12] whilst the immigration cap proposal put forward by Ecopop called for preserving natural resources by limiting immigration to Switzerland to 0.2% of the population per year.[12]
Results[edit]
Question For Against Invalid/
blankTotal
votesRegistered
votersTurnout Cantons for Cantons against Votes % Votes % Full Half Full Half Gold reserves 580,815 22.7 1,973,558 77.3 0 0 20 6 Immigration cap 671,347 25.9 1,919,984 74.1 0 0 20 6 Flat tax abolition 1,052,995 40.8 1,527,908 59.2 1 0 19 6 Source: Government of Switzerland
Swiss referendums, 2014 - Wikipedia, the free encyclopedia




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