The Swiss overwhelmingly reject imposing a 50% inheritance tax on the wealthy

Voters in Switzerland overwhelmingly rejected a proposal to impose a 50% inheritance tax on the very wealthy, in a controversial referendum that came at a time when governments around the world are struggling to find a way to impose taxes on the very wealthy.

More than 80% voted against the initiative, with about 42% of the population participating. Opponents of the measure feared that a small rejection would encourage similar tax proposals in the coming years, according to a newspaper reported. "Financial Times" The referendum, which is one of the most controversial in recent Swiss political memory, came amid a global division between countries competing to attract wealthy families through financial incentives, and others seeking to impose greater taxes on what they consider excessive wealth.

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