This shortfall could even climb to three billion per annum until 2012, if one believes of it the committee of supply of the Council of the States. ( Finance Information City )
The commission estimates however that it is not necessary to re-examine the budget 2009, which envisages a surplus of 1,4 billion compared to the 58,6 billion expenditure envisaged. The Federal council should on the other hand adapt the financial plan 2010-2012 at the latest during his next actualization.
Even if the Genevese banks for the moment are touched little by the financial crisis, the State of Geneva must also prepare at a few more difficult years on the budgetary level. The tax contribution of the money market is likely to drop by a third on 2009-2010, indicated to Tuesday the president of Geneva Money market. The loss in taxes which would result from it for the State could reach hundreds of million francs.
The Town of Zurich, as very tributary of the financial sector, it already announced as the budget 2009 of the municipality had plunged in the red.
Let us recall however that these advertisements intervene whereas the German Minister for Peer Steinbrück Finances has just set out again with the attack against Switzerland, that he shows to encourage tax avoidance. He said himself astonished by the agitation that caused its proposal to add Switzerland to the “black list” of the tax shelters.
“No country must offer conditions which could invite the taxpayers of a Neighboring state to flee the tax department”, Mr. Steinbrück underlined. Dmegs Web Directory
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