The Wealth Tax: A Fading International Concept with Negative Impacts on Family Businesses
The reintroduction of wealth tax is the wrong signal
Hardly Any Country Still Levies a Wealth Tax
A One Percent Wealth Tax Would Significantly Increase the Tax Burden
The Wealth Tax Is Constitutionally Questionable
A Wealth Tax Is Inefficient and Creates Enormous Bureaucracy
- Companies would have to cut costs and reduce investments to cover the additional tax burden.
- Companies might increase dividend payouts, which would reduce the reinvestment of profits into the business. In family businesses, a significant portion of earnings typically remains in the company to finance future growth, which would be hindered.
- Companies could relocate abroad to avoid the tax burden. Foreign businesses that are not subject to wealth taxation could take over business sectors from German companies and relocate them.