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Switzerland Planning to Increase VAT to Raise Additional $40Bln for Defense - Gov’t

NAMPA / Sputnik
2026-01-29
MOSCOW, January 29 (RIA Novosti) - The Swiss government announced its intention to temporarily increase VAT to raise an additional 31 billion Swiss francs ($40.3 billion), which will be used to strengthen defense. "In light of the deteriorating geopolitical situation, the Federal Council intends to significantly strengthen Switzerland's security and defense capabilities​​​. This requires additional resources of approximately 31 billion Swiss fran......
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