Swiss split on vote to keep expat tax break

<b>http://tinyurl.com/8f2ajv4 - <a href='http://tinyurl.com/8f2ajv4'>CB Richard Ellis is Mövenpick Residences' lead broker in PHL</a></b><p>A SWISS luxury hotel company found its new home in the Philippines; a fresh investment in the property and tourism industry. Mövenpick Hotel and Resorts group, an upscale European hotel management firm, chose Cebu to host its flagship presence in the Philippines, while four other projects within the country are in the pipeline.</p><B>Swiss voters say no to tightening of smoking ban</b><p>Two-thirds of Swiss voters rejected a referendum Sunday to tighten a smoking ban, to the relief of hotels and restaurants, while two cantons split in a vote over keeping tax breaks for rich foreigners.</p><B>Swiss split on vote to keep expat tax break</b><p>A proposal to abolish special tax breaks for rich foreigners split Swiss voters Sunday, with the canton of Basel-Landschaft approving it but the expat haven of Bern canton rejecting it.</p>