Wealth taxes in Europe: Who collects them and how much do they raise?

This concentration of wealth keeps the debate over wealth taxes at the centre of discussions in many countries. In addition, France, Italy, the Netherlands, and Belgium impose wealth taxes on specific asset classes, but not on individuals’ overall net wealth. Spain: Spain’s net wealth tax is progressive, ranging from 0.16% to 3.5% on wealth exceeding €700,000. Norway: Norway levies a net wealth tax of 1% on individual wealth exceeding NOK 1.7mn (€145,425) and up to NOK 20mn (€1.71mn). Switzerland’s middle class is largely affectedSwitzerland: According to the OECD’s ‘The Role and Design of Net Wealth Taxes’ report, Switzerland’s net wealth tax features relatively low exemption thresholds, which vary across cantons.