The Juso expropriation initiative threatens to sell out Switzerland. Family businesses are built over generations. The assets are not in the bank account. It is tied up in machines, buildings or software. In order to pay the inheritance tax, the descendants would have to take out a loan amounting to 50% of the company’s value. Depending on the company, paying off this loan would take several decades. Provided that a bank grants a loan for such a long period of time. The consequence is as simple as it is devastating: in order to pay the tax burden, family businesses would have to be sold abroad. Because buyers from Switzerland are no longer an option. They would also face high taxes, which could only be paid with large loans or sales. 👉 No to the Juso expropriation initiative on November 30th.
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Transcript
Transcript
Transcript
The Young Socialists, they are destroying family businesses. People who appear in these ominous lists that make it happen don’t have the money in their bank accounts, they don’t just have yachts and swimming pools, they have stocks. From companies where there are jobs behind them. They are machines, they are, they are rights, are. Building everything is behind these stocks. This means that this value, which is not in the account, if you have to pay the tax of 50%, you cannot simply withdraw it from the bank account, but you would have to go into debt. The coming generations will have to pay off this debt over years, even decades. And they couldn’t invest any more money in their own company. This means that the existing existence of Swiss family businesses is threatened.
