Swiss Back a New Wealth Tax on the Richest Residents in Poll

Swiss voters are in favor of squeezing wealthy residents with higher taxes to fund the military and pensions in what could turn into a second attack on large fortunes in less than a year.

More than two thirds support the idea of levying a federal wealth tax of 0.33% on assets above 5 million francs ($6 million), according to a national poll published Sunday by newspaper group Tamedia/20 Minuten.