Switzerland’s Decisive Rejection of a Federal Inheritance Tax Reinforces Its Global Appeal for International Families

A clear national verdict on a high-stakes proposal

On November 30th, Switzerland held a nationwide referendum on a proposal to introduce the country’s first federal inheritance tax—a 50% levy targeting heirs of assets worth CHF 50 million (approximately USD 62 million) or more. Framed as a mechanism to raise funds for climate initiatives, the measure marked a significant attempt to centralize taxation authority in a country where cantonal sovereignty is deeply rooted. Swiss voters responded with remarkable clarity: 78% rejected the proposal, while only 22% supported it. This overwhelming result underscores Switzerland’s longstanding commitment to fiscal prudence, predictable tax planning, and the protection of private property.

Cantonal autonomy protected against federal expansion

Had it passed, the federal measure would have dramatically reshaped Switzerland’s approach to multi-generational wealth transfer. Although 24 of the country’s 26 cantons already levy inheritance or gift taxes, these are generally modest and, most importantly, nearly all exempt spouses and children. The proposed federal tax would not have done so. It would have overruled cantonal autonomy, introduced uniform taxation at the national level, and applied to direct descendants for the first time. Swiss voters clearly saw this as a break from tradition and a potential threat to the stability of Switzerland’s decentralized system, which has long supported predictability for families and business owners.

A signal of long-term stability to global families

The decisive rejection of the referendum sends a strong message to international investors and globally mobile families: Switzerland remains committed to a stable, transparent environment for wealth planning. As many countries move toward higher estate taxes, wealth taxes, and forced heirship-style rules, Switzerland demonstrates continuity. The result reinforces the country’s reputation as a relatively safe jurisdiction for long-term planning, where institutions evolve thoughtfully and with broad public consensus—not through sudden or politically reactive shifts. For families considering relocation, this stability is often as valuable as Switzerland’s quality of life, strong rule of law, and world-leading
infrastructure.

Attractive options for residency and taxation

This environment is further enhanced by Switzerland’s attractive residency pathways. For financially independent individuals, the lump-sum taxation system (forfait fiscal) offers a clear, structured entry route, taxing based not on global income or net worth but on lifestyle expenditures, subject to federal and cantonal criteria. In addition to the lump-sum option, residency may also be obtained through professional relocation, business activity, connection to a Swiss employer, family reunification, retirement, or other permissible routes. Together, these options provide flexibility for entrepreneurs, wealth creators, and multi-generational families seeking a secure and well-governed base in the heart of Europe.

Switzerland’s enduring appeal for multi-generational wealth planning

Ultimately, Switzerland’s firm stance against a federal inheritance tax, combined with its stable fiscal environment and multiple residency options, reinforces its position as one of the world’s most attractive jurisdictions for international families. In an era of rising geopolitical uncertainty and increasingly aggressive tax regimes, Switzerland continues to offer something rare: predictability, neutrality, and a long-term framework for preserving, structuring, and transitioning wealth across generations.