EU Commission says very disappointed in Swiss vote result

The European Commission is very disappointed in the Swiss rejection of an overhaul of the corporate tax system and will consult with European Union governments on how to proceed, the EU Commissioner for taxation said on Monday. Swiss voters on Sunday clearly rejected plans to overhaul the corporate tax system, sending the government back to the drawing board as it tries to abolish ultra-low tax rates for thousands of multinational companies without triggering a mass exodus. "The Commission is very disappointed by the results of a referendum in Switzerland," European Commissioner for Economic and Financial Affairs Pierre Moscovici told a news conference.
Click here to read full news..