With an example return of 6 percent on a portfolio of €1 million in stocks and bonds*

* 60 percent equities and 40 percent bonds. The example return of 6 percent is the result of over 9 percent on equities and 1 percent on bonds. Italy and Belgium have different rates for gains on these two asset classes.
** Switzerland does not have a capital gains tax, but each canton has a different wealth tax, ranging from 0.02 to 1.09 percent per year.
Grafiek: Investment OfficerBron: OECD, Investment OfficerGegevens ophalenGecreëerd met Datawrapper