Inheritance tax: signatures collected for ‘Initiative for a Future’
The youth section of the Swiss Social Democrats (JUSO) say they have collected enough signatures for the “Initiative for a Future”.
This content was published on
2 minutes
Keystone-SDA
This calls for an inheritance tax of 50% from a tax-free amount of CHF50 million ($58.5 million) in favour of an ecological restructuring of the economy.
The Swiss electorate will be able to vote on socially fair financing of climate protection, according to a JUSO press release on Wednesday. The party plans to submit its initiative at the beginning of February. It says it has already collected over 130,000 signatures.
According to JUSO calculations, the tax with a rate of 50% would raise around CHF6 billion a year, which would be used by the federal government and the cantons for socially just climate protection measures. For example, energy-efficient building renovations, retraining programmes for employees in “climate-damaging” sectors or a massive expansion of public transport would be financed.
“The richest must finally be held accountable for the climate crisis,” JUSO President Nicola Siegrist said. Studies show that “the richest people contribute enormously to climate destruction” with their climate-damaging investments and consumer behaviour, he said.
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles. You can find them here.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
This content was published on
Most Swiss people are planning at least one holiday this year in spite of rising costs and inflation, according to a study.
Italian busted smuggling alcohol in milk and shampoo bottles into Switzerland
This content was published on
An Italian motorhome driver has been caught trying to smuggle 135 litres of pure alcohol disguised in various bottles into Switzerland.
Swiss debate double-barrelled names for spouses and registered partners
This content was published on
A reform to the country’s naming laws could permit married couples and registered partners to have a double-barrelled surname again in future.
SWISS CEO admits mistakes were made during pandemic
This content was published on
At the end of his tenure, Swiss International Air Lines (SWISS) CEO Dieter Vranckx is not all positive, admitting mistakes were made.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.