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Household taxation is the first thing to improve in Geneva, according to bankers and managers interviewed as every year by the Geneva Place Financière Foundation, which unveiled the results of its 2022 survey on Tuesday. A taxation that is in “a fragile balance summed up the specialist Xavier Oberson during the press conference: 0.7% of Geneva taxpayers contribute 21% of income tax, while 2.9% of the wealthiest provide 78.5% of the wealth tax. Departures of several large taxpayers would have an impact on public finances, summed up Yves Mirabaud, the president of the foundation, while stressing that such tax migrations have not yet been recorded.
