Signal Voters in canton Vaud says 'yes' to a significant tax cut

Summary

Voters in the Swiss canton of Vaud approved a 12% cut in cantonal income and wealth tax on Sunday, Sept. 27, 2026, with 53.1% voting in favour. The cut takes effect from the 2027 tax year. Supporters of the initiative estimate that it will leave a revenue shortfall of CHF 272 million for the canton. It applies only to cantonal income and wealth taxes on individuals, and municipal taxes are unchanged. Business associations launched the initiative, while left-wing parties, trade unions and the cantonal government opposed it. Backers argued the cut would make Vaud more attractive tax-wise compared with other cantons and ease the burden on the middle class.