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switzerland reject inheritance tax billionaires collectors

Swiss voters overwhelmingly rejected a proposed inheritance tax on Sunday, with 78% voting no. The tax, introduced by the Social Democrats, would have applied a 50% rate to inheritances and gifts exceeding 50 million Swiss francs (about $62.3 million). Billionaire Peter Spuhler threatened to leave the country if the tax passed, and Swiss wealth managers warned that other ultra-wealthy individuals would follow, citing their mobility and options to optimize taxes.

with new bill israel moves to expand control over ancient west bank sites

The Israeli Knesset's Ministerial Committee on Legislation approved a first reading of a bill that would grant Israel's Heritage Minister sweeping authority over antiquities in the West Bank. The legislation allows for the appointment of a governing council, the designation of antiquity sites, and the expropriation of land and artifacts across the occupied territory, including areas currently under Palestinian civil control.

Syria, Ukraine and Gaza among countries to receive heritage funds from Aliph

ALIPH, the Geneva-based cultural heritage protection agency, has announced over $16 million in its latest funding round, with support directed to Syria, Gaza, Ukraine, Sudan, and a new focus on climate change impacts on heritage, primarily in Africa. Nearly a third of the funding ($5 million) goes to Syria, where the newly appointed Director General of Antiquities and Museums, Dr. Anas Haj Zeidan, aims to restore sites damaged during the war under former president Bashar al-Assad. ALIPH executive director Valéry Freland reported extensive damage from 14 years of war, the 2023 earthquake, and economic crises, but noted strong local determination to rehabilitate heritage, including Palmyra. The agency also committed $9 million to address climate threats, supporting 28 projects—22 in Africa—focused on earthen architecture, sacred forests, and local knowledge preservation.