c/europe · u/professionalspooner@feddit.org · 20 points
Wealth tax is a common topic every now and then, but somehow it ends up being dismissed quite quickly. I thought this post about how wealth tax works in Switzerland could be interesting.
We might see more of this in Europe in the near future.
u/professionalspooner@feddit.org · 1 points
Yes. I believe that property taxes also exist on most European countries.
In these Kantons in Switzerland, residents need to report yearly the total value of assets at 31 Dec from the previous year.
u/StoneyPicton@lemmy.ca · 2 points
I had a brief look and confirmed this is similar to our property taxes in North America. The exception being that it is tied to net worth and not just the value of the property. Overall that might mean you pay more but it depends on your wealth and the rate the canton charges. Interesting though, thanks.