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Inheritance tax referendum alarms Swiss billionaire community

Proposed 50 % levy on estates over CHF 50 million creates uncertainty

21 June 2025 · 22:58 UTC

Switzerland’s upcoming referendum on a proposed 50 percent federal inheritance tax applying to estates and gifts over CHF 50 million has unsettled the country’s wealthiest residents, with bankers and entrepreneurs warning of a potential exodus and risk to the nation’s status as a global financial hub.