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Switzerland does have a wealth tax[0]. The latest destination for some rich foreigners is Italy due to the lump sum tax on foreign income (200k) for the first
by riffraff 1y ago
Switzerland does have a wealth tax[0].
The latest destination for some rich foreigners is Italy due to the lump sum tax on foreign income (200k) for the first 10 years of moving there.
But Italy also has a 2‰ wealth tax since 2013 or so.
All these news are always exagerated.
[0] https://thepoorswiss.com/wealth-tax/ https://thepoorswiss.com/wealth-tax/
- Leherenn 1y agoAlthough wealthy foreigners in Switzerland were (and still are I believe) negotiating their taxes directly with the cantons. Wealth tax might not have applied to them if they qualified. See: https://www.efd.admin.ch/en/lump-sum-taxation https://www.efd.admin.ch/en/lump-sum-taxation