(Mezha) - In Switzerland, the vote on the proposed inheritance tax for assets exceeding 50 million francs sparked significant debate. The idea envisaged setting a 50% rate on the portion of the estate that exceeds the stated threshold, and the total impact on wealth distribution was estimated in the tens of millions of francs. According to preliminary data, the majority of voters did not support this initiative: about 79% were opposed.
At the same time, a defeat was also expected for the youth wing of the left – the Social Democrats (JUSO) – regarding funding programs to mitigate the effects of climate change: according to the latest polls, more than two-thirds of respondents were against introducing a separate tax.
The financial sector watched the vote closely, viewing it as a test of Switzerland’s attitude toward wealth redistribution. Such discussions are compared to the practices of other countries where wealth taxes are debated or already in place, making the topic more timely on the world stage.
Critics of the initiative warned that the tax could prompt wealthy citizens to leave the country, reducing overall tax revenues. The Swiss government took a stand against the proposal.
Final conclusions have not yet been officially released, but preliminary data point to an overall trend in sentiment toward wealth redistribution and possible future steps in financing socio-economic programs.
November 30, 2025
