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On November 30, Switzerland will vote on the "Initiative for a Future" submitted by the Young Socialists. blue News explains what the inheritance tax is all about.
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What does the "Initiative for a future" want?With the popular initiative "For a social climate policy - fairly financed through taxation (Initiative for a future)", the Juso are calling for a tax of fifty percent on estates and gifts from individuals of more than fifty million francs - the first fifty million francs would be tax-free.
~Two thirds of the revenue would go to the federal government and one third to the cantons. The money should be used exclusively for climate protection.
