Lawyers and bankers in Switzerland are warning of a UK-style exodus of the wealthy ahead of a referendum on a 50 per cent inheritance tax for the super-rich.
The Alpine nation is due to hold a popular vote in November on the introduction of a federal tax on inheritances and gifts worth more than Sfr50mn ($61mn). Unlike existing cantonal duties that would still apply, the proposal does not include an exemption for spouses or direct descendants.
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