Swiss Inheritance Tax on Super Rich Lacks Support, Poll Shows

The Bern Minster cathedral and the Federal Palace in the old town of Bern, Switzerland.Photographer: Stefan Wermuth/Bloomberg

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.