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flag Switzerland rejects $62M+ inheritance tax proposal in referendum, maintaining its appeal to global wealthy.

flag Switzerland has rejected a proposed tax on inheritances and gifts over 50 million Swiss francs ($62 million), with 78% voting against it in a national referendum. flag The outcome reinforces the country’s status as a top global hub for wealth management, driven by political stability, strong financial infrastructure, and a reliable legal system. flag Despite growing competition from tax-friendly regions like the UAE, U.S., and parts of Asia, Switzerland remains highly attractive to wealthy individuals, particularly from Scandinavia and the U.K. flag The nation ranks highest in millionaires per capita, with the top 300 residents holding over $1 trillion in wealth. flag Private banking leaders say the result affirms confidence in Switzerland’s model of fiscal predictability and long-term security, ensuring its continued appeal despite global shifts in millionaire migration.

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