class=”sc-29f61514-0 icZBHN”>
When wages rise due to inflation, progressive tax rates result in a higher percentage of income taxes. To prevent this, the Berne tax law provides for an adjustment of rates, deductions and tax exemptions as a result of inflation.
Income tax rates for cantonal and municipal taxes must be adjusted by the government council every time there is an increase in inflation; the other rates, deductions and tax exemptions must only be adjusted by the Grand Council if the inflation rate has increased by 3 percent. The last such settlement took place in 2011.
In 2022, the inflation communicated by the federal government was 2.8 percent. Added to the price increase since the last adjustment, inflation amounts to 3 percent. The Grand Council approved the bill in one reading. (SDA)
Source:Blick
I am Liam Livingstone and I work in a news website. My main job is to write articles for the 24 Instant News. My specialty is covering politics and current affairs, which I’m passionate about. I have worked in this field for more than 5 years now and it’s been an amazing journey. With each passing day, my knowledge increases as well as my experience of the world we live in today.
