Swiss Inheritance Tax on Super Rich Lacks Support, Poll Shows

Swiss voters look set to reject a new inheritance tax targeted at the super rich after the proposal triggered concerns that wealthy individuals could leave the country.

The plan, put forward by the Young Socialists group, envisions a 50% levy on assets above 50 million francs ($62 million), with any revenue raised going to measures against climate change.

Switzerland has long been known as a haven for the world’s rich, and the inheritance tax idea sparked an intense debate. The government opposed it, while entrepreneurs and businesspeople warned they would leave the country if it were introduced. The government also ...