On 30 May 2017, the Council of States unanimously adopted the Federal Decree on the new Financial Regulation 2021.
According to the business of the Federal Council (16,053), the new Financial Regulation 2021 (NFO 2021) is intended to extend by 15 years the federal government's authority to levy direct federal tax and VAT, which is limited until 2020. To this end, on 22 June 2016 the Federal Council adopted a dispatch on the new Financial Regulation 2021 for the attention of parliament.
The National Council had already approved the Federal Council's draft on 15 December 2016 by 178 votes to 9 with 0 abstentions (total vote) (see the minutes of 15 December 2016).
In its meeting on 30 May 2017, the Council of States also agreed to the new 2021 Financial Regulation and approved the Federal Council's draft by 37 votes to 0 with 0 abstentions (unanimity).
The minutes of the Council of States are available here.
