Scholz’s SPD Plans Extra Taxes on Wealthy Germans, Stern Reports
(Bloomberg) -- Chancellor Olaf Scholz’s governing Social Democrats (SPD) plan to introduce new taxes for Germany’s top earners and mega-rich, co-leader Lars Klingbeil told Stern magazine.
Most Read from Bloomberg
Rockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’
US 30-Year Mortgage Rate Tumbles by Most in More Than a Year
VIX Notches Its Longest Slide Since October 2015: Markets Wrap
Virginia Democrats Fend Off Republican Sweep in Win for Abortion Rights
It is “only fair if millionaires and mega-heirs contribute more,” he said.
The additional funds will be needed to finance the country’s transformation into a climate-neutral economy, Klingbeil said. “We will have to mobilize much more money to meet these challenges.”
Finance Minister Christian Lindner from the liberal FDP has so far ruled out any tax increases. The Greens, who are also part of Scholz’s three-party coalition, would be open to extra taxes on the wealthy.
Most Read from Bloomberg Businessweek
In Uruguay, a Tax Haven With Lots of Beaches and Little Crime
Top-Ranked MBA Programs Struggle to Reverse Declining Applications
©2023 Bloomberg L.P.
