SPD Proposes Revising Inheritance Tax for Wealthy Individuals, Influencing Discourses on Social Welfare
Germany's SPD Pushes for Linking Social Security Reforms and Equitable Inheritance Tax
In a recent interview with the 'taz', Matthias Miersch, the leader of the SPD parliamentary group, has called for a debate on social security reforms to be linked with more equitable taxation of high inheritances. This push comes as the SPD Bundestag faction proposed closing loopholes in inheritance tax rules in 2023.
The proposals aim to prevent very large fortunes from being passed on tax-free and review special privileges that allow multimillion- or billion-dollar inheritances to avoid taxation. The focus is on closing existing loopholes in inheritance tax to promote justice in wealth distribution.
Miersch expressed concern that those who receive multimillion or billion-dollar inheritances should not evade responsibility. He believes that closing existing loopholes in inheritance tax could protect small and medium-sized inheritances and promote justice.
Parsa Marvi, a financial expert and member of the SPD parliamentary board, supports linking social security reforms with wealth distribution. Marvi suggests that the coalition should send a strong message by addressing both issues together. She believes that a fair balance in the reforms should not only affect employees and social benefit recipients but also the wealthy.
Marvi reiterates the focus on closing existing loopholes in inheritance tax and sees a current opportunity for the black-red coalition to address these proposals. She believes that the SPD should take the lead in addressing wealth distribution issues.
The debate on social security reforms and more equitable taxation of high inheritances is gaining momentum, with Miersch leading the discussion within the coalition. The proposals are aimed at reforming inheritance tax to prevent large wealth from being passed on tax-free, protecting small and medium-sized inheritances, and promoting justice.
Miersch stated that the unequal distribution of wealth is a problem and that special rules for the wealthiest in inheritance tax should be put to the test. He believes that linking inheritance tax reform with social security reforms is essential to ensure fairness and responsibility from the very wealthy.
The SPD, according to Marvi, should take the lead in addressing wealth distribution issues. By addressing these concerns together, the coalition can send a strong message about fairness and responsibility in wealth distribution and taxation.
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