Billionaire Haven Switzerland Set to Reject 50% Inheritance Tax

Swiss voters are poised to reject an inheritance tax proposal targeting super-rich residents, mindful of the risk of an exodus from one of Europe’s most alluring havens for billionaires.

Pollsahead of a plebiscite on Sunday show three quarters of the electorate opposes a plan that would slap a 50% levy on all assets exceeding 50 million francs ($62 million) in a deceased individual’s estate.

The proposal by the left-wing Young Socialists group would use the proceeds to fund measures that combat climate change. They claim rich people benefit most from growth that damages the planet, and should pitch in ...