Tag Archives: Debt Geneva

While many national governments, such as the US and UK, regularly spend more than they collect, Switzerland managed a CHF 2.8 billion surplus in 2017. In addition, CHF 2 billion of withholding tax is expected, which would push the surplus up to CHF 4.8 billion. © Jean-michel Feinen | Dreamstime.com Most of the CHF 71 billion collected came from VAT (29%) and federal income and profits tax (32%). Other big contributors were withholding tax (12%) and fuel tax (6%). At around 21% of GDP,...

While many national governments, such as the US and UK, regularly spend more than they collect, Switzerland managed a CHF 2.8 billion surplus in 2017. In addition, CHF 2 billion of withholding tax is expected, which would push the surplus up to CHF 4.8 billion. © Jean-michel Feinen | Dreamstime.com Most of the CHF 71 billion collected came from VAT (29%) and federal income and profits tax (32%). Other big contributors were withholding tax (12%) and fuel tax (6%). At around 21% of GDP,...