At its meeting on May 15, 2024, the Federal Council defined its position on the popular initiative "For a social climate policy - fairly financed through taxation". It is of the opinion that the initiative is not a suitable means of achieving Switzerland's climate targets. In particular, it reduces the attractiveness of Switzerland for wealthy individuals. The Federal Council intends to recommend that Parliament reject the initiative without a direct counter-proposal or indirect counter-proposal.
The popular initiative of the Young Socialists Switzerland (JUSO) calls for a 50% tax on estates and gifts of over CHF 50 million. It also calls for legal provisions to prevent tax avoidance, particularly with regard to emigration.
The Federal Council rejects the initiative for various reasons. It has instructed the FDF to prepare the dispatch for the attention of Parliament.
The press release is available here.
