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- The Federal Council warns of the consequences of the Juso initiative to tax inheritances worth millions for the benefit of the climate.
- From his point of view, the referendum could ultimately lead to less income because most of the super-rich would leave Switzerland.
On Friday, the Federal Council sent the message on the popular initiative “For a social climate policy – financed fairly from taxation (Initiative for a Future)” to parliament. The initiative calls for a 50 percent tax on estates and gifts of more than 50 million francs. This money should be invested in climate protection measures.
No counter-proposal
As already announced in May, the Federal Council rejects the initiative for numerous reasons. He also doesn’t want a counterproposal.
They are calling for a tax on inheritances of more than 50 million francs and want to invest this money in climate protection. Initiators of the Juso when submitting the initiative in February of this year.
Keystone/Peter Schneider
According to the Federal Council, estimates based on an expert report show that the initiative could lead to reduced revenue, particularly for the cantons and municipalities. Up to 98 percent of the tax base of the super-rich could migrate from Switzerland – with negative consequences for the economy.
SRF 4 News, 13.12.24
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sda/schp
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