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flag Switzerland rejects ultra-wealth tax in referendum, maintaining its appeal to global rich.

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 attractive to wealthy individuals, particularly from Scandinavia and the U.K. flag The top 300 Swiss residents hold over $1 trillion in wealth, and the nation ranks highest in millionaires per capita. flag Private banking leaders say the result affirms confidence in Switzerland’s long-term appeal, emphasizing predictability and security over tax incentives.

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