Please enable JS and disable any ad blocker 15/11/2016 By the federal Swiss tax office published the latest statistics covering the wealth and earnings of the nation’s more than 5 million tax payers – Switzerland has wealth tax The highest percentage of the very wealthiest (CHF 10 million plus) lived in Schwyz Geneva also made the top five cantons in this category Freienbach in Schwyz source_wikipedia_Roland zh The 2013 figures published last Friday show the total net worth of all Swiss tax-paying individuals climbed 17% from CHF 1.43 trillion to CHF 1.67 trillion Much of the rise can probably be explained by rising share prices rose 25% from 6,567 to 8,215 over the period A sustained decline in share prices would likely make a large dent in these figures especially the net worth of those at the top Aggregate wealth grew by 6% from CHF 1.56 trillion between 2012 and 2013 0.26% of Swiss taxpayers declared net wealth over CHF 10 million The total number worth over CHF 10 million climbed by 26% This ultra rich group owned 29% of the total in 2013 Average wealth in this wealth-band declined slightly from 137 million to 126 million as the number grew faster than their shared wealth The five cantons with the greatest percentage declaring over CHF 10 million were: Schwyz (1.2%) Appenzell Ausserrhoden (0.49%) and Geneva (0.48%) Vaud (0.22%) was below the Swiss average of 0.26% while Zurich (0.39%) and Basel-City (0.32%) were both above it The lowest five in this category were Valais (0.06%) Solothurn (0.10%) and Schaffhausen (0.11%) Three of the cantons with the highest percentages in the CHF 10 million-plus club also had the lowest percentages declaring zero wealth The cantons with the highest percentages of taxpayers with no net wealth were Solothurn (40.7%) also had the lowest levels of average declared wealth Valais and Neuchâtel were the bottom five on this measure with net worth averages between 144,000 and 166,000 At the other end were Schwyz and Nidwalden It simultaneously made the top five on percentages in the wealthiest 10 million-plus category (0.48%) and the top five with the highest percentage declaring zero wealth (38.7%) in terms of the average net worth of the 94% at the bottom with an average net worth of close to CHF 89,000 compared to only CHF 36,000 for the same group in the city of Calvin The percentage of wealth held by those with a net worth over CHF 1 million was similar in both places at around 88% but because residents of Schwyz were on average so much wealthier (CHF 1,017,000 vs CHF 389,000) were worth an average of CHF 174,000 in Schwyz Schwyz had fewer residents with net worth below CHF 100,000 and far fewer declaring nothing: 10.3% in Schwyz and 38.7% in Geneva For more stories like this on Switzerland follow us on Facebook and Twitter By subscribing you are agreeing to our Privacy Policy Previous Newsletters Copyright © Le News Sàrl 2014-2022 / Company number: CH-550.1.129.786-5 / VAT number: CHE-193.843.357 TVA By subscribing you agree to our Privacy Policy This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page.