Swiss wealth tax proposal to test public appetite for redistribution

FILE PHOTO: A drone view shows the St. Pierre Cathedral and Lake Leman in Geneva, Switzerland, August 26, 2025. REUTERS/Denis Balibouse/File Photo

ZURICH (Reuters) -Switzerland will vote on a proposed wealth tax on Sunday that will be a litmus test of appetite for wealth redistribution in one of the world's richest countries.

The proposal from the youth wing of the leftist Social Democrats, or JUSOs, is for a 50% tax to be levied on inherited fortunes of 50 million Swiss francs ($62 million) or more to fund projects to reduce the impact of climate change.