Today, Geneva voted on whether to cap tax deductions for the costs of getting to work. The initiative was seen as a way to increase tax revenue. 57.66% of voters were in favour of the change. A map showing the districts voting yes in green, shows a possible correlation between proximity to Geneva’s centre and the chance of voting yes.
Currently, in Geneva, those meeting certain conditions, can reduce their taxable income by the actual cost of their trips to work. The initiative that was accepted today, reduces the maximum tax-deductible amount to CHF 500, the cost of an annual TPG public transport pass for Geneva.
According to Tribune de Genève, the biggest losers will be cross-border workers, who travel further and sometimes deduct all of their travel costs. Many of those who live in Geneva, but work outside the canton, will be hit too.
The newspaper also says, the change will affect around 20% of Geneva’s residents, and bring in an additional CHF 28 million of tax.