Switzerland Rejects 50% Inheritance Tax Amid Wealthy Residents' Exodus Concerns

Dec 01, 2025 04:07 pm CST

Switzerland overwhelmingly voted against a proposed 50% inheritance tax on assets exceeding 50 million francs, with 78.3% opposing the measure. The referendum, initiated by Young Socialists to fund climate initiatives, faced strong opposition from wealthy entrepreneurs threatening to leave the country, highlighting Switzerland's ongoing balance between maintaining its status as a global wealth hub and addressing fiscal policy challenges.