The collective body known as The Union, along with the taxpayers' association, has vigorously opposed the SPD's proposed reform of inheritance tax.
In a recent development, the debate over the reform of the inheritance tax in Germany has taken a dramatic turn, with key political figures expressing their views on the matter.
Sepp Müller, deputy chairman of the CDU/CSU parliamentary group, has raised concerns about the timing of the inheritance tax debate, suggesting it may put unnecessary pressure on entrepreneurs. Müller believes that the proposed reform, aimed at giving federal states decision-making authority over the rate, could lead to a significant disparity in tax rates across the country. This, he suggests, would be counterproductive to getting the economy moving again.
Müller also believes that the SPD's goal with the inheritance tax reform is to put more pressure on entrepreneurs. His stance suggests a preference for private investment over state intervention in the inheritance tax.
Reiner Holznagel, President of the Federal Association of Taxpayers, has proposed a solution to this potential issue. He suggests introducing a "lifetime allowance" for heirs in his proposal to reform the inheritance tax. Holznagel also proposes that the deceased could decide who uses the allowances, including distant relatives or friends. He demands a significant increase in allowances to alleviate the burden on families.
Martin Huber, CSU General Secretary, shares similar sentiments. He criticizes the state enriching itself at the expense of hardworking parents and advocates for the federal states to decide the level of inheritance tax. The CSU, like the Union, has also rejected the inheritance tax reform proposal.
Hasso Plattner, a billionaire and SAP founder, has weighed in on the debate. He argues that he has created more for the country and society through his work and donations than bureaucrats could with additional tax money. This sentiment underscores the concerns about the potential impact of increased inheritance tax on entrepreneurship and economic growth.
Tim Klußendorf, SPD General Secretary, has proposed a reform to the inheritance tax, but it has been rejected by both the Union and the CSU. The details of Klußendorf's proposal are not clear, but it seems to involve a shift towards more state-level control over the inheritance tax.
As the debate continues, it remains to be seen how the inheritance tax reform will shape the economic landscape in Germany. One thing is certain: the issue is of great importance to entrepreneurs and taxpayers alike.
