Switzerland voted to reject a 50% inheritance tax on super-rich residents after wealthy entrepreneurs threatened to leave the country.
Some 82% of the electorate opposed the plan, according to a preliminary government estimate on Sunday. Polls ahead of the plebiscite had suggested such an outcome.
The left-wing Young Socialists group launched the proposal as a way of raising funds to fight climate change. The levy would have been introduced on all assets exceeding 50 million francs ($62 million), which an individual passes on or gifts. That would have hit some 2,500 people in Switzerland — the top 0.03% of the population.
Whatever you may think of the outcome, one has to appreciate how Switzerland is the only true democracy in Europe. I wish I was given as much of a say on how my country is run.
Another_Slut_Dragon on
The world needs to bring in a 2% annual wealth tax on any wealth over $7M USD. No matter what country is sheltering it, they get to collect the tax.
And that means wealth. It includes houses, art, any assets are included in your net worth.
Top_Accident9161 on
Its always “oh no billionaires leaving” and never “oh no people cant afford living here”.
AdelaiNiskaBoo on
Many of them have business, political influence and other factors that would make them stay anyway.
Is a good article why most of the super rich would not flee somewhere else.
Or the germany family Thiele that tried to evade taxes via a foundation. But were just a little late. In the end they still didnt had a problem to pay the whole 4 billion. (Which if you asked before was kind of impossible to pay)
Rnee45 on
Good, taxes are theft and I’m done pretending otherwise.
13 commenti
*Bastian Benrath-Wright for Bloomberg News*
Switzerland voted to reject a 50% inheritance tax on super-rich residents after wealthy entrepreneurs threatened to leave the country.
Some 82% of the electorate opposed the plan, according to a preliminary government estimate on Sunday. Polls ahead of the plebiscite had suggested such an outcome.
The left-wing Young Socialists group launched the proposal as a way of raising funds to fight climate change. The levy would have been introduced on all assets exceeding 50 million francs ($62 million), which an individual passes on or gifts. That would have hit some 2,500 people in Switzerland — the top 0.03% of the population.
[Read the full story here.](https://www.bloomberg.com/news/articles/2025-11-30/swiss-reject-millionaire-inheritance-tax-fearing-wealth-exodus?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc2NDUwOTk1NSwiZXhwIjoxNzY1MTE0NzU1LCJhcnRpY2xlSWQiOiJUNkZQUlpUOU5KTFQwMCIsImJjb25uZWN0SWQiOiJEMzU0MUJFQjhBQUY0QkUwQkFBOUQzNkI3QjlCRjI4OCJ9.ESsu_8mHilPGKiMlXFDDNkUgADf-uPLAHIjk940nI1M)
Idiots, Switzerland was willing to take Nazi gold, there’s no safer place to dump your stolen wealth, they won’t just leave.
Swiss people are based. Not populist leftys like most of the other Europoors…
Always nice to see rich suckers who just store their money there having an ungodly amount of influence over the future of the country.
But hey migrants right?
Karma will not be kind to the uber wealthy that do not give a F about the rest of the world…
Norway approved the tax and it help raise their budget and fund their social state
Repost
https://www.reddit.com/r/europe/s/yqJ8pWWYxv
Whatever you may think of the outcome, one has to appreciate how Switzerland is the only true democracy in Europe. I wish I was given as much of a say on how my country is run.
The world needs to bring in a 2% annual wealth tax on any wealth over $7M USD. No matter what country is sheltering it, they get to collect the tax.
And that means wealth. It includes houses, art, any assets are included in your net worth.
Its always “oh no billionaires leaving” and never “oh no people cant afford living here”.
Many of them have business, political influence and other factors that would make them stay anyway.
https://www.ft.com/content/42327e45-5867-46b6-9ef2-22d6efe73349
Is a good article why most of the super rich would not flee somewhere else.
Or the germany family Thiele that tried to evade taxes via a foundation. But were just a little late. In the end they still didnt had a problem to pay the whole 4 billion. (Which if you asked before was kind of impossible to pay)
Good, taxes are theft and I’m done pretending otherwise.
Tax haven rejects new taxes, more news at 10