• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
EuropeSwitzerland
Europe

Swiss voters reject tax of up to 50% on large donations or inheritances, fearing exodus of wealthy instead of fighting climate change

By
Jamey Keaten
Jamey Keaten
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Jamey Keaten
Jamey Keaten
and
The Associated Press
The Associated Press
Down Arrow Button Icon
November 30, 2025, 10:46 AM ET
A person walks past referendum posters of political parties and associations in Geneva, Switzerland, on Nov. 26, 2025.
A person walks past referendum posters of political parties and associations in Geneva, Switzerland, on Nov. 26, 2025.Martial Trezzini—Keystone via AP

Swiss voters on Sunday decisively rejected a call to require women to do national service in the military, civil protection teams or other forms, as men must do already.

Recommended Video

In a referendum, over 84% of voters rejected the “citizen service initiative” and none of the country’s 26 cantons, or states, came anywhere near voting in favor. Proposals need a majority of both voters and cantons to pass.

A separate proposal to impose a new national tax on individual donations or inheritances of more than 50 million francs ($62 million) was shot down by more than 78% of voters. The revenues were to be used to fight the impact of climate change and help Switzerland meet its ambitions to have net-zero greenhouse gas emissions by 2050.

Supporters of the national service plan hoped that it would boost social cohesion by adding jobs in areas like environmental prevention, food security and elderly care. But lawmakers opposed it, mainly for cost reasons and out of concern that it could hurt the economy by taking many young people out of the workforce.

The proposal came at a time when other European countries are finding ways to bolster their armed forces in the face of growing concerns about Russia’s potential threat beyond the war in Ukraine.

Young men in neutral Switzerland are already required to carry out military service or join civil protection teams. Conscientious objectors can do other types of service, and those who opt out entirely must pay an exemption fee. Each year, about 35,000 men take part in mandatory service.

The failed initiative would have required all Swiss citizens to do national service — women can currently do so on a voluntary basis — and applied the concept of national security to areas beyond military service or civil protection.

Its supporters pointed to “landslides in the mountains, floods in the plains, cyberattacks, risks of energy shortages or war in Europe” and said that their plan would mean everyone taking responsibility for “a stronger Switzerland that’s able to stand up to crises.”

The government countered that the army and civil defense have enough staff, and no more people should be recruited than are needed.

While compulsory military service for women might be seen as “a step toward gender equality,” it added, the idea would “place an extra burden on many women, who already shoulder a large part of the unpaid work of raising and caring for children and relatives, as well as household tasks.”

The government also opposed the proposal for a new tax on large donations or inheritances, arguing that approval could prompt some of the wealthiest in Switzerland — an estimated 2,500 people — to move elsewhere. Sums beyond 50 million francs ($62 million) could have been hit with a 50% rate.

Switzerland holds national referendums four times a year, giving voters a direct say in policymaking.

On May 28, senior tech leaders from Fortune 500 Europe companies such as Orange and Mars will gather for a candid exchange on applied AI. Apply to attend and receive Fortune’s editorial takeaways.
About the Authors
By Jamey Keaten
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Europe

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Europe

Duncan Tait, CEO of Inchcape
Europecar manufacturing
“Competition is good for the industry”. Inchcape CEO’s case for optimism in automotive’s next chapter
By Duncan TaitApril 30, 2026
16 hours ago
lagarde
Europeregulation
The EU just blessed a car industry patent cartel—and the U.S. DOJ is fighting back
By Ike BrannonApril 29, 2026
2 days ago
Bruce Broussard, HP CEO
AIProductivity
AI is changing who gets to be an expert. Are your colleagues ready to become ‘directors of intelligence’?
By Bruce BroussardApril 29, 2026
2 days ago
Britain's King Charles III listens as President Donald Trump speaks during a State Visit arrival ceremony on the South Lawn of the White House, Tuesday, April 28, 2026, in Washington.
PoliticsDonald Trump
‘God save the king,’ Trump says as he welcomes Charles on America’s 250th anniversary of independence
By Steven Sloan, Josh Boak, Mary Clare Jalonick and The Associated PressApril 28, 2026
2 days ago
A driver pumps gasoline at a gas station in Brooklyn, New York, in March.
Energyoil and gas
Activists call surging oil and gas profits ‘horrifying’ as energy giants post profits twice as high as 2025
By Tristan BoveApril 28, 2026
3 days ago
A BP gas station
Energyearnings
BP’s profits more than doubled at the war in Iran pushed gas prices to new multiyear highs
By Michelle Chapman and The Associated PressApril 28, 2026
3 days ago

Most Popular

Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
4 days ago
Google Cloud revenue is now 18% of Alphabet's business. Is this the beginning of the end of Google's search identity?
Big Tech
Google Cloud revenue is now 18% of Alphabet's business. Is this the beginning of the end of Google's search identity?
By Alexei OreskovicApril 29, 2026
1 day ago
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
North America
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
By Jake AngeloApril 30, 2026
13 hours ago
With no end in sight, Trump considers new options in Iran war—including the ‘Dark Eagle’ hypersonic missile
Big Tech
With no end in sight, Trump considers new options in Iran war—including the ‘Dark Eagle’ hypersonic missile
By Jim EdwardsApril 30, 2026
21 hours ago
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
AI
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
By Sasha RogelbergApril 28, 2026
3 days ago
Accenture's Julie Sweet blew up 50 years of company history. She says the hardest part is still ahead
Conferences
Accenture's Julie Sweet blew up 50 years of company history. She says the hardest part is still ahead
By Nick LichtenbergApril 29, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.