German millionaires rush assets to Switzerland ahead of election

FILE PHOTO: Women relax on the banks of Lake Zurich on a sunny spring day, as the spread of the coronavirus (COVID-19) continues, in Zurich, Switzerland March 23, 2021. REUTERS/Arnd Wiegmann/

ZURICH (Reuters) - A potential lurch to the left in Germany's election on Sunday is scaring millionaires into moving assets into Switzerland, bankers and tax lawyers say.

If the centre-left Social Democrats (SPD), hard-left Linke and environmentalist Greens come to power, the reintroduction of a wealth tax and a tightening of inheritance tax could be on the political agenda.