Swiss reject inheritance tax on ultra-wealthy; female military service

Forumul Economic Mondial de la Davos

Nov. 30 (UPI) -- Swiss voters have rejected a tax on ultra wealthy residents and turned down a proposal to extend mandatory military service to women, initial poll results showed Sunday. Nearly 85% of voters rejected military or civic service for females, and 79% voted against a 50% inheritance tax for the most wealthy Swiss. The inheritance tax would have imposed the levy on individuals receiving a tax-free amount of 50 million Swiss Francs , or just over $62 million. The proposal, made by the