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http://www.reuters.com/article/2013/09/22/us-switzerland-glencore-idUSBRE98L07320130922
(Reuters) - Voters in a small Swiss town decided on Sunday to donate 110,000 Swiss francs ($120,700) of taxes paid by GlencoreXstrata (GLEN.L) Chief Executive Ivan Glasenberg to charity in a protest against the commodities giant's business practices.
Voters in Hedingen, a town of around 3,500 inhabitants in the canton of Zurich, backed by 764 to 662 an initiative to donate about ten percent of the tax money the town received in the wake of Glencore's initial public offering in 2011.
"
Hedingen) is making a clear sign of solidarity with those suffering the consequences of the extraction of raw materials," the committee behind the popular vote said in a statement.
Glencore's top shareholder Glasenberg, who lives in the Swiss town of Rueschlikon, paid 360 million Swiss francs in taxes in the canton of Zurich in 2011, Rueschlikon's mayor Bernhard Elsener told Reuters.
(Reuters) - Voters in a small Swiss town decided on Sunday to donate 110,000 Swiss francs ($120,700) of taxes paid by GlencoreXstrata (GLEN.L) Chief Executive Ivan Glasenberg to charity in a protest against the commodities giant's business practices.
Voters in Hedingen, a town of around 3,500 inhabitants in the canton of Zurich, backed by 764 to 662 an initiative to donate about ten percent of the tax money the town received in the wake of Glencore's initial public offering in 2011.
"
Hedingen) is making a clear sign of solidarity with those suffering the consequences of the extraction of raw materials," the committee behind the popular vote said in a statement.
Glencore's top shareholder Glasenberg, who lives in the Swiss town of Rueschlikon, paid 360 million Swiss francs in taxes in the canton of Zurich in 2011, Rueschlikon's mayor Bernhard Elsener told Reuters.
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