Swiss Public Souring on Tax Breaks for Companies as Vote Nears

Swiss voters will weigh in this weekend on a tax cut for companies, possibly signaling the limits of Switzerland’s hospitality towards business.

On the Feb. 13 ballot is the question of whether to abolish a stamp duty that applies to financing new capital in excess of one million Swiss francs ($1.08 million). It currently brings around 250 million Swiss Francs per year into the public purse.

“For many, many years in Switzerland there was a very healthy cohabitation between big corporates, politics, and the man on the street, because people knew that if businesses are healthy, ...