The wealthy in Switzerland threaten to emigrate over tax vote...

A tax revolt by the rich is brewing in Switzerland.

The country's wealthiest are warning they might leave the country if a proposal to revise the tax system is passed by referendum later this month , a move that would reverse the usual flight of rich foreigners into the Alpine nation.

The plan aims to introduce a minimum tax across all of Switzerland's 26 cantons, or states, and end their constant competition to reduce tax rates to attract more businesses and billionaires. More...

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