On Saturday, 18th April, Volt Switzerland held its annual National Assembly in Basel. Members from across the country gathered to elect a new board and approve revamped statutes and internal regulations; paving the way for continued growth over the next two years.

Switzerland is one of the few countries that applies an imputed rental value and taxes it under the income tax. Many property owners consider this rule unfair; accordingly, there have been repeated political initiatives to abolish it. In light of high private indebtedness, distortive incentives, and counterproductive deductions, a system change has been set in motion. We see these issues as core weaknesses of the current system and, despite reservations, support the shift in property taxation.