Use the information in the news clip to explain which side of the Laffer curve the Swiss
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Use the information in the news clip to explain which side of the Laffer curve the Swiss economy is placed.
In 2017, Swiss voters rejected the continued funding of the 2020 OldAge and Survivors Insurance reform. As a result, Switzerland is reducing its valueadded tax (VAT) from 8 percent to 7.7 percent and the special VAT rate from 3.8 percent to 3.7 percent, which will be effective starting January 1, 2018.
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Based on the information provided in the news clip we can infer that Switzerland is reducing its val...View the full answer
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