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Description
Swiss vote could end special tax breaks for rich foreigners Swiss voters head to the polls later this month to cast their ballots on whether to axe a preferential tax system for wealthy foreigners residing in the country. The initiative "End tax breaks for millionaires", which will be put to a popular vote on November 30, could spell the end of a system that allows rich foreigners who live but do not work in Switzerland to pay a lump sum to the Swiss taxman, with their spending rather than income used to gauge their wealth. IMAGES AND SOUNDBITES.