One of the world's richest countries has taxed personal wealth for over a century—while also adding more millionaires

Switzerland, the world's fourth-wealthiest nation by per-capita GDP, has levied cantonal wealth taxes for over a century. Despite these levies, the number of adults with $5 million to $10 million in assets grew 7.4% annually from 2000 to 2025. Experts attribute this growth to low effective rates, such as 0.24% in Zurich, which contrasts sharply with higher proposed U.S. taxes.

Source: One of the world's richest countries has taxed personal wealth for over a century—while also adding more millionaires — Fortune

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