Clicky

  • Login
  • Register
  • Submit Your Content
  • Contact Us
Sunday, November 30, 2025
World Tribune
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
Submit
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
No Result
View All Result
World Tribune
No Result
View All Result

Swiss voters reject tax of up to 50% on large donations or inheritances, fearing exodus of wealthy

November 30, 2025
in Business
Reading Time: 2 mins read
A A
Swiss voters reject tax of up to 50% on large donations or inheritances, fearing exodus of wealthy
0
SHARES
ShareShareShareShareShare

Swiss voters reject tax of up to 50% on large donations or inheritances, fearing exodus of wealthy

Swiss voters on Sunday decisively rejected a call to require women to do national service in the military, civil protection teams or other forms, as men must do already.

READ ALSO

Harvard professor says leaders have a responsibility to be happy at work because it can affect your stock price

Lab-grown diamonds are crushing this African economy that was built on natural stones

In a referendum, over 84% of voters rejected the “citizen service initiative” and none of the country’s 26 cantons, or states, came anywhere near voting in favor. Proposals need a majority of both voters and cantons to pass.

A separate proposal to impose a new national tax on individual donations or inheritances of more than 50 million francs ($62 million) was shot down by more than 78% of voters. The revenues were to be used to fight the impact of climate change and help Switzerland meet its ambitions to have net-zero greenhouse gas emissions by 2050.

Supporters of the national service plan hoped that it would boost social cohesion by adding jobs in areas like environmental prevention, food security and elderly care. But lawmakers opposed it, mainly for cost reasons and out of concern that it could hurt the economy by taking many young people out of the workforce.

The proposal came at a time when other European countries are finding ways to bolster their armed forces in the face of growing concerns about Russia’s potential threat beyond the war in Ukraine.

Young men in neutral Switzerland are already required to carry out military service or join civil protection teams. Conscientious objectors can do other types of service, and those who opt out entirely must pay an exemption fee. Each year, about 35,000 men take part in mandatory service.

The failed initiative would have required all Swiss citizens to do national service — women can currently do so on a voluntary basis — and applied the concept of national security to areas beyond military service or civil protection.

Its supporters pointed to “landslides in the mountains, floods in the plains, cyberattacks, risks of energy shortages or war in Europe” and said that their plan would mean everyone taking responsibility for “a stronger Switzerland that’s able to stand up to crises.”

The government countered that the army and civil defense have enough staff, and no more people should be recruited than are needed.

While compulsory military service for women might be seen as “a step toward gender equality,” it added, the idea would “place an extra burden on many women, who already shoulder a large part of the unpaid work of raising and caring for children and relatives, as well as household tasks.”

The government also opposed the proposal for a new tax on large donations or inheritances, arguing that approval could prompt some of the wealthiest in Switzerland — an estimated 2,500 people — to move elsewhere. Sums beyond 50 million francs ($62 million) could have been hit with a 50% rate.

Switzerland holds national referendums four times a year, giving voters a direct say in policymaking.

Credit: Source link

ShareTweetSendSharePin
Previous Post

AirPods Pro 3 are $30 off and down to a record low

Next Post

Bill Belichick caps chaotic first season at UNC with third straight loss

Related Posts

Harvard professor says leaders have a responsibility to be happy at work because it can affect your stock price
Business

Harvard professor says leaders have a responsibility to be happy at work because it can affect your stock price

November 30, 2025
Lab-grown diamonds are crushing this African economy that was built on natural stones
Business

Lab-grown diamonds are crushing this African economy that was built on natural stones

November 30, 2025
Russia is paying a nearly 90% markup on sanctioned goods from China — compared to 9% from elsewhere
Business

Russia is paying a nearly 90% markup on sanctioned goods from China — compared to 9% from elsewhere

November 30, 2025
Stock market outlook: analysts see the S&P 500 hitting 8000 next year
Business

Stock market outlook: analysts see the S&P 500 hitting 8000 next year

November 30, 2025
Even the Pope couldn’t avoid the Airbus software fix that disrupted flights across the world
Business

Even the Pope couldn’t avoid the Airbus software fix that disrupted flights across the world

November 30, 2025
The eel wars: Japan and America fight tooth and nail against new protections as some freshwater populations plunge over 90% from the 1980s
Business

The eel wars: Japan and America fight tooth and nail against new protections as some freshwater populations plunge over 90% from the 1980s

November 29, 2025
Next Post
Bill Belichick caps chaotic first season at UNC with third straight loss

Bill Belichick caps chaotic first season at UNC with third straight loss

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What's New Here!

The OBBBA has a significant tax change for founders tucked away inside, lifting the cap to  million with many opportunities to turbo-charge business 

The OBBBA has a significant tax change for founders tucked away inside, lifting the cap to $75 million with many opportunities to turbo-charge business 

November 20, 2025
Yesterday’s bloodbath in stocks was ‘the end of the cutting season,’ BofA says: Now we’re on alert for the ‘fail risks’ of 2025

Yesterday’s bloodbath in stocks was ‘the end of the cutting season,’ BofA says: Now we’re on alert for the ‘fail risks’ of 2025

October 31, 2025
Jalen Brunson has done more than figure it out in new Knicks offense

Jalen Brunson has done more than figure it out in new Knicks offense

November 7, 2025
George Springer has two-hit night in return to Blue Jays’ lineup

George Springer has two-hit night in return to Blue Jays’ lineup

November 1, 2025
AR glasses blur the lines of when it’s obvious a company is collecting your data, privacy expert says

AR glasses blur the lines of when it’s obvious a company is collecting your data, privacy expert says

November 1, 2025
Nvidia earnings revenue forecast puts it on track to be one of the largest US companies

Nvidia earnings revenue forecast puts it on track to be one of the largest US companies

November 20, 2025
Japan announces 5 billion stimulus to boost economy and support consumers

Japan announces $135 billion stimulus to boost economy and support consumers

November 21, 2025

About

World Tribune is an online news portal that shares the latest news on world, business, health, tech, sports, and related topics.

Follow us

Recent Posts

  • Anker Cyber Monday deals offer up to 50 percent off power banks, wireless chargers, power adapters and more
  • Bill Belichick caps chaotic first season at UNC with third straight loss
  • Swiss voters reject tax of up to 50% on large donations or inheritances, fearing exodus of wealthy
  • AirPods Pro 3 are $30 off and down to a record low

Newslatter

Loading
  • Submit Your Content
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2024 World Tribune - All Rights Reserved!

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food

© 2024 World Tribune - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In