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flag Switzerland rejects $62M+ inheritance tax in referendum, maintaining its wealth hub status.

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 framework. flag Despite growing competition from tax-friendly regions like the UAE and the U.S., Switzerland remains a preferred destination for wealthy individuals, particularly from Scandinavia and the U.K., with its top 300 residents holding over $1 trillion in wealth. flag While global millionaire migration is rising, Switzerland ranks fourth in new millionaire inflows, underscoring its enduring appeal despite ongoing debates over wealth inequality and tax fairness.

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