0.5% wealth tax doesn’t sound huge.
For rendement fictif, see
https://www.brhpartners.ch/bouclier-fiscal-genevois-evolution-de-la-jurisprudence/ (it’s a cap on income+wealth tax)
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well, that is only the increase though 
although ja, i already pay almost 1% (not GVA), so I suppose it depends what the “level” is now.
And this is on top of dividend taxation, it can lead quite quickly to close to 2% tax burden off a 6% p.a. total return, meaning only 4% p.a. after tax. 
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Unbelievable, I am really wondering what are these commies doing for a living … btw. wasn’t that 99% initiative rejected even in Geneva?
0.5% incremental wealth tax is significant in the context of Safe Withdrawal Rates which are usually quoted as ~3-3.5% of NW. The increase would come on top of current Geneva ~1% wealth tax (highest in Switzerland) and AVS which is 0.2-0.3% of wealth if not in employment.
Thanks for this link. If I understand well it means that if I ever RE in Geneva and am not employed I would be taxed maximum 60% of my dividend and rental income, after deduction of maintenance and interest (assuming that income before deductions is >1% of NW)
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Yes. This initiative was launched immediately afterwards.
From a global viewpoint I can understand the sentiment that the wealthy gained from the pandemic and should pay more than others
From a Geneva perspective, personally I feel we already have a high enough redistribution of wealth. 40% of contribuables don’t pay any tax at all and the canton has one of the highest tax revenues already.
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Here is another article discussing the same topic that may be helpful
In summary if you Retire Early in Geneva then cantonal taxes could be very low or even zero, based on the current rules. Especially if you have low dividends and rental income as % of NW.
I have checked the 2022 income tax thresholds (see web link below) and realize that they have not been changed to take into account inflation (circa 3% in SW in 2022). That means that any tax payer would lose 3% for a same amount of revenue in 2021 and 2022…
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Wait, are taxes usually revised for inflation and, when so, is it really toward the downside?
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In ZH both deductions and tax brackets are adjusted for inflation every two years. However, due to a bit of deflation between 2011 and 2021, it has been skipped since 2012. I expect an adjustment at some point this year, which will then take effect for the years 2024 and 2025.
An adjustment has already been made for the federal taxes for 2023.
On the topic of Geneva taxation - its my first year filing taxes in this canton and was wondering how people do the DA-1 here.
Can you do the entire brokerage statement in 1 go with the “Relevé fiscal papier” category like in the screenshot below? Not sure how to get it to just take 15% US wht and not the 35% swiss default.
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In my case I declare my US shares individually with all the purchases and the software calculate the wht amount correctly.
Think I figured it out, summarising below:
- Under Etat des titres choose Relevé fiscal papier to do your whole brokerage paper statement in 1 go.
- Fill in your brokerage details (name, account number)
- Put your dividend income for the year and portfolio value on 31st december in the taxable returns/wealth section. You can very easily find those numbers by generating an activity statement on Interactive Brokers for the previous year. You can also deduct any fees/interest accrued which the statement will display. Important: put the dividend income as not subject (non soumis) to withholding tax. If you put it as subject to then it will assume swiss stocks at 35% which is not the case.
- In order to reclaim the 15% from us domicile (or any other country depending on your portfolio/broker) tick the Demande imputation d’impôts étrangers (DA-1) form at the bottom. Again, put in the total dividend return for the year, the portfolio value, and then the withholding tax amount. For me all my dividend paying investments were US domiciled so all applied 15%. It might vary for you, best to again copy directly from the activity statement from interactive brokers.
Example screenshots (note: fake account number / values, just for demonstration purposes).
To generate the statement on Interactive Brokers:
Key lines from statement:
Hope this helps someone 
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It will be interesting to know if they accept your declaration as it is and refund the wht.
They rejected it for me last year and could not make them change their point of view.
What reason did they give you for rejecting your declaration?
I had the DA-1 rejected in the canton of Vaud in the past because I was also claiming interest payments on debt. But with that debt paid off I got it refunded in future years.
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You can find more information in this thread. Basically the tax specialist believed that I couldn’t reclaim DA-1 on etfs but only on US shares.
I wrote them a letter with the full explanation but they never acknowledged it nor got back to me. It was for 150 usd of wth so I gave up.
I will give an update this year and if it is still the same I will phone them again and wrote to them electronically.
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Very odd. Well I know many who have successfully reclaimed in Geneva so seems you got unlucky with someone clueless in the tax office. Will see how mine goes this year 
At the last cantonal elections in Geneva, politicians who got the majority made a promise to reduce the income tax for individuals. To date, I have not seen any anouncement from authorities regarding any potential reduction for the taxation of 2023 revenues. In Vaud authorities made the same promise and they votes for it! Come on Madam Fontanet!
Despite the announcements of politicians from the right-wing coalition which won the elections in 2023, no reduction in personal taxation has taken place! Furthermore, I note that the income tax scales have been revalued by 1.7% since 2021, or 0.85% per year, well below the level of inflation. This insufficient revaluation of the scale is therefore a loss of purchasing power for all of us. Thank you to the political authorities of the canton for keeping their promises.
Sorry, what inflation has to do with income tax scale and the purchasing power? The way you formulate it, you pay lower tax for the same inflation-adjusted income.
I think that it is illusional that you will pay less taxes in Geneva. The Canton is putting a shit lot of money for public infrastructure and need money for that. Moreover, 40% of the population don’t pay taxes in Geneva and only 1% of them pay like 80% of all the “income” of the Canton, so… It will raise again and again 
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