Tax Inheritance - Part 1
In this episode of our Family Office Podcast, we talk to PwC Switzerland’s head of tax about how wealthy families are tackling the issue of inheritance – in particular in light of the upcoming inheritance initiative in Switzerland.
When it comes to the way wealthy families are treated, Europe is basically split. Some countries are taking steps to attract wealthy families. Others are increasing taxes and making regulation more difficult – which seems to be having the opposite effect. Switzerland has traditionally had a reputation for attracting wealthy families, for a whole variety of reasons ranging from political and economic stability and a good tax system to a healthy lifestyle and excellent healthcare. A new popular initiative proposing a 50% federal inheritance tax – albeit with a CHF 50 million exemption – could change this.
In the latest edition of the Family Office Podcast, PwC’s Lisa Cornwell talks to Dieter Wirth, head of tax at PwC Switzerland and head of tax and legal for PwC Europe, about the implications of the inheritance initiative and its chances of success. This is the first of three editions of the podcast devoted to inheritance and succession, a technically complex but also emotionally charged issue for the people involved and those responsible for managing their affairs.
