Swiss banker says super-rich tax proposal is ‘Nuclear Bomb’ for Switzerland
A top Swiss banker, Frederic Rochat, has warned that a proposed tax on the super-rich could be “extremely dangerous” for Switzerland. The tax, suggested by the Young Socialists (JUSOs), the youth wing of the Social Democrats, would impose a 50% tax on inheritances and gifts over 50 million Swiss francs (about $59.3 million). The proposal … Read more