US EditionSwiss Voters Reject 50% Inheritance Tax on Wealthy
The tax on inheritances over CHF 50 million was rejected by 79% of voters, amid concerns it would harm the economy and prompt wealthy residents to leave.
- On Nov 30, Swiss voters rejected a proposed 50% tax on inheritances above 50 million Swiss francs, with early returns showing about 79% opposed, public broadcaster SRF reported.
- The Young Socialists proposed a 50% tax on inherited fortunes over 50 million francs to fund climate mitigation and ecological projects, with JUSO leader Mirjam Hostetmann arguing the ultra-wealthy drive disproportionate emissions.
- Around 2,500 taxpayers—about 0.03% of the population—would have been affected, holding roughly 500 billion francs; the tax could have raised about 4 billion francs for climate measures.
- Business groups responded with warnings of capital flight, Economiesuisse called the debate damaging, entrepreneur Peter Spuhler threatened emigration, and UBS CEO Sergio Ermotti said `I hope it doesn't pass`.
- In the context of Swiss direct democracy, turnout was 43% and the inheritance measure failed in all cantons, reflecting a pattern of rejection.
132 Articles
132 Articles
Switzerland overwhelmingly rejected this Sunday's proposal for a 50% tax on inherited fortunes of 50 million Swiss francs (53 million dollars) or more, with 78 per cent of votes against, a result that even surpassed the two-thirds opposition that the polls indicated.
The Swiss have clearly rejected an inheritance tax for super-rich people: 78 percent voted against the proposal to tax large assets with 50 percent.
Helvetic voters rejected with 80% of the proposed 50% inheritance tax for assets over 50 million Swiss francs, a turnout of 42%
The goal was to finance climate policy with a tax on inheritances and donations: the result was very net
In Switzerland today there were two referendums: one on a general duty of service and one on an inheritance tax for the rich. Both initiatives were rejected by a clear majority.
The young Swiss socialists saw this, but 78% of the voters rejected on Sunday the introduction of an impot on the successions of great fortunes. Not touching the greybi of heritage.
Coverage Details
Bias Distribution
- 38% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
