Next Sunday the people of Switzerland will vote on three referendums.
- Swiss gold reserves: The proposal would require the Swiss National Bank to have gold reserves of at least 20 per cent of the value of the assets of the Swiss National Bank, and see all Swiss gold currently held in the Federal Reserve Bank of New York returned to Switzerland. The popular initiative was started by Swiss People's Party MP Luzi Stammand two other MPs, with the 100,000 signatures required for a referendum obtained by early 2013. The proposal is opposed by the Swiss National Bank and the Swiss government, as it would limit the SNB's ability to print money.
- The second referendum is the on the abolition of the flat tax system and calls for resident, non-working foreigners to be taxed based only on their income and their assets.
- The third referendum is on the Immigration cap: the Ecopop referendum calls for preserving the natural resources by limiting immigration to Switzerland to 0.2per cent per year.
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