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Switzerland has a wealth tax. That is a tax on unrealized gains fyi.

• Pooge 10mo ago
  No, because they are not exactly correlated with your gains. For what it's worth, you could have an unrealized deficit but still owe taxes. That's why it's a wealth tax and not unrealized gains tax. Real estate is included in that wealth, of course. And it has a different tax treatment than "usual" stock market gains.
• ur-whale 10mo ago
  > Switzerland has a wealth tax. If the wealth tax rate is close to zero, who the hell cares? The wealth tax in e.g. Kanton Zürich is 0.025% (not the cheapest Kanton). If you are able to grow your capital at - say - inflation corrected 4%, which shouldn't be overly hard, and you pay no taxes whatsoever on cap gains while paying 0.025% on the total accumulated wealth. I'll let you do the math as to how good you have it there.
  • greyw 10mo ago
    The highest marginal wealth tax rate in Zurich is 0.47% and 0.9% in Geneva starting at 2-3mn CHF. It's not irrelevant at all If you now earn 4% on your capital and pay 0.9% wealth taxes that is like a 25% tax rate on your unrealized gains. Inflation is close to zero anyway and interest rates are negative. Obviously I prefer that system because we can compound essentially tax free to a couple of 100k before having to think about taxes.