Swiss Parliament Rejects Million-Franc Inheritance Tax Initiative

Proposal for 50% tax on inheritances over CHF50 million for climate protection defeated in Senate, heading to public vote without counter-proposal.

The Swiss Senate rejected the inheritance tax initiative by a vote of 36 to 7.
The initiative proposes a 50% tax on estates exceeding CHF 50 million.
Revenue from the proposed tax is earmarked for climate protection measures.
Parliament rejected an alternative constitutional article, leaving no counter-proposal.
Opponents fear the tax would complicate succession for family businesses.

36 to 7

Senate Vote Count

50%

Proposed Tax Rate

CHF 50 million

Tax Threshold

"Will a drastic hike in Swiss inheritance tax lead to an exodus of billionaires?"
— Swissinfo Headline

"The revenue should go to the federal government and cantons and be invested in climate protection."
— Juso (Young Socialists)

Senate Delivers Crushing Blow to Wealth Tax

The Swiss Senate rejected the inheritance tax initiative by a vote of 36 to 7.
The initiative proposes a 50% tax on estates exceeding CHF 50 million.
Revenue from the proposed tax is earmarked for climate protection measures.
Parliament rejected an alternative constitutional article, leaving no counter-proposal.
Opponents fear the tax would complicate succession for family businesses.