Critics of the initiative said it could trigger an exodus of wealthy people from Switzerland, reducing overall tax revenues. The Swiss government urged voters to reject it.
I’ve known some rich Swiss in my life, and I can guarantee you that none of them would leave Switzerland over taxes, or any other reason for that matter.
I’ve known some rich Swiss in my life, and I can guarantee you that none of them would leave Switzerland over taxes, or any other reason for that matter.
Amen to that Switzerland is the playground of the super rich, and it’s going to take a lot of taxing before they give it up.
Sounds like they need an exit tax on wealth over a certain amount.