Swiss committee backs lower VAT rise to fund army rearmament

A committee of the Swiss Senate has proposed a different way of funding the military rearmament programme from that put forward by the government. Under its plan, the VAT increase would be smaller, unspent budget allocations would also be used and the rearmament fund would remain in place for longer. The Swiss Senate’s Finance Committee has backed the proposal, according to a statement from the Parliamentary Services on Tuesday evening. The Security Policy Committee, which is leading work on…