BERLIN / LONDON (IT BOLTWISE) – The SPD has presented a proposal to increase inheritance tax on business assets in order to create more fairness. While the party aims for social balance, economists warn of possible negative effects on investments and the attractiveness of Germany as a business location.
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The discussion about inheritance tax in Germany has gained momentum thanks to a new proposal from the SPD. The party plans to increase the tax on business assets in order to achieve a fairer distribution of wealth. This move aims to change the previous practice whereby company successors could benefit from significant tax breaks in order to secure jobs.
The SPD proposes to levy inheritance tax on business assets and to defer payment for several years. Alternatively, the state could be jointly liable through silent partnerships in the companies. These measures are intended to ensure that the tax burden does not immediately become a financial burden for companies.
However, economists and business representatives express concerns. They warn that a deferment only extends the payment period, but does not reduce the burden. State participation could also be perceived as partial nationalization, which could affect investments and the attractiveness of Germany as a location.
The economic situation in Germany is already tense. Investments are stagnating and the number of corporate bankruptcies is increasing. Industry associations report that more and more medium-sized companies are relocating parts of their production abroad. Critics fear that higher taxes on assets could reinforce this trend and put a particular strain on family businesses.
The SPD’s coalition partners have so far shown themselves to be cautious. Jens Spahn, parliamentary group leader of the CDU, expressed sympathy for a fairer distribution of wealth, but sees the danger that such a move could send the wrong signal to investors. Whether the SPD pursues its proposal now depends on the ruling of the Federal Constitutional Court and whether the coalition prioritizes tax debates or growth impulses in the current economic situation.
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