Swiss voters to decide on steep wealth tax targeting rich heirs

ZURICH, Switzerland: Switzerland heads into a high-stakes referendum on November 30 that will gauge whether one of the world's wealthiest nations has an appetite for sharply higher taxes on its wealthiest residents.

The proposal, put forward by the youth wing of the Social Democrats (JUSO), seeks a 50 percent levy on inherited assets valued at 50 million Swiss francs (US$62 million) or more, with the revenue ear