Archive · 1 Dec 2025
Swiss voters reject tax on super rich
In Switzerland, people voted on whether to have a new tax.
This tax would be 50% on very big inherited money, more than 50 million Swiss francs.
The idea was to use this money to help fight climate change.
But most people, about 78%, said no to this tax.
The group that suggested this tax is the young part of a political party called the Social Democrats.
Before the vote, many people thought the tax would not pass, and the results showed that was true.
Some people who were against the tax thought it might make rich people leave Switzerland, which could mean less money for the country.
Swiss voters rejected a proposed 50% tax on inherited fortunes of 50 million Swiss francs or more.
The tax was proposed by the youth wing of the leftist Social Democrats (JUSOs) to fund climate change projects.
Public broadcaster SRF estimated 78% of voters were against the proposal.
Critics argued the tax could trigger an exodus of wealthy people from Switzerland, reducing overall tax revenues.
The Swiss government urged voters to reject the proposal.
- Who
- Swiss voters
- What
- Rejected a proposed 50% tax on inherited fortunes of 50 million Swiss francs or more
- When
- November 30, 2023
- Where
- Switzerland
- Why
- To fund projects to reduce the impact of climate change
Supporters of the Tax
Opponents of the Tax
Wealth Redistribution
Supporters of the Tax
The youth wing of the leftist Social Democrats (JUSOs) proposed the tax to fund climate change projects, arguing that the super rich should contribute more to society.
Opponents of the Tax
Critics of the initiative said it could trigger an exodus of wealthy people from Switzerland, reducing overall tax revenues.
- Proposed Tax
- 50% on inherited fortunes of 50 million Swiss francs or more
- Voter Rejection
- 78% against the proposal
- Proposal Source
- Youth wing of the leftist Social Democrats (JUSOs)
- Purpose of Tax
- Fund projects to reduce the impact of climate change
- Expected Outcome
- Widely expected to fail based on recent polls
- Government Stance
- Urged voters to reject the proposal
Sources
Swiss voters reject proposed tax on super rich with 79%, public broadcaster estimates
Swiss voters reject proposed tax on super rich
Swiss voters reject proposed tax on super rich
Switzerland overwhelmingly votes down proposed 50% inheritance tax for millionaires
