Print
version
version
What has happened? When it comes to the richest places in Switzerland, most of us think of Zug, Zurich and Geneva on account of the luxury cars and high salaries. However, the new study by the newspaper Neue Zürcher Zeitung (NZZ) has disproved this fact.
*NZZ explained that as Swiss tax returns often take years to resolve, returns from 2019 is the latest accurate data set the FSO has to hand.
Trend. According to the latest data from the Federal Statistical Office (FSO), reported by the NZZ, the last few years have seen a migration of the super-rich from major Swiss cities into central Switzerland. The newspaper explained that this was mainly the result of politics, when Lausanne increased the tax burden on millionaires by 10% between 1995 and 2018.
As a result of different tax policies between cantons and cities, millionaires can save thousands if they decide to move to another part of the country. For example, the NZZ found that a family with four members and a total income of 1 million francs a year has to pay 360.000 francs in taxes per year if they live in Hasliberg, Canton Bern, compared to just 226.000 francs in Lungern, Canton Obwalden - around 37 percent less.
Rating. Therefore, it is perhaps not surprising that the country's richest residents choose central Switzerland, and Wollerau in the canton of Schwyz is considered the place with the highest concentration of millionaires in the country. 4.1% of local taxpayers had an income of more than 1 million francs per year in 2019.
Another Schwyz community, Feuzisberg, came in second with 3.3%, with Vandoeuvres in Geneva rounding out the podium places with 3,2%. The study noted that beyond central Switzerland, the majority of affluent communities can be found along the Gold Coast in Canton Zurich, areas of Canton Schwyz within easy reach of Zurich, and the banks of Lake Geneva.
Source: I am Expat
Photo by Peter Wormstetter on Unsplash
