Switzerland Approves Fiscal Tax Reforms by a Crushing Margin
Swiss voters approve corporate tax reforms that will remove preferential tax schemes for MNCs by a crushing margin of 66-34, two years after the same idea had been heavily rejected. This project will equalize tax schemes for all companies, in a step forward towards social justice according to proponents of the project. Switzerland therefore tries to realign itself with international standards, as promoted by the EU and OECD.
On May the 20th, the US Fed Chair Jerome Powell will make a speech regarding the state of the economy.
On May the 21st, the RBA (Reserve Bank of Australia) will publish its meeting minutes that will shed light on potential monetary policy changes. This will be accompanied by a speech by RBA’s Governor Lowe.
On May the 23rd, the EU will release its PMI Reports, which include the response and viewpoints of a wide range of businesses and companies in the manufacturing and services sectors.