What about wealth taxes?

Reader comment on: Taxing Tennis

Submitted by Adam Wildavsky (United States), Jan 28, 2015 17:13

There is an interesting twist to this story. It turns out that Switzerland has a wealth tax. It is progressive and varies by canton but can reach 1.5% of worldwide assets. Few wealthy individuals would incur such a tax voluntarily but it turns out they don't have to. The Swiss authorities will happily negotiate an alternative, known as "forfait", based on expenditure rather than wealth.

http://www.bloomberg.com/news/articles/2014-11-30/swiss-to-keep-millionaires-tax-breaks-projections-show

http://www2.deloitte.com/content/dam/Deloitte/ch/Documents/tax/ch-en-tax-living-working-switzerland-global-employer-services-29042014.pdf

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