German finance minister backs plans for wealth tax: Handelsblatt

  • 📰 Reuters
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

German Finance Minister Olaf Scholz is backing plans for a wealth tax his Social...

German Finance Minister Olaf Scholz attends a news conference on his bid to lead the centre-left SPD party in Berlin, Germany, August 21, 2019. REUTERS/Axel Schmidt

Leading members of the SPD, junior partners in the ruling coalition, will meet on Monday to discuss plans to reintroduce the tax, which have developed in a working group led by Thorsten Schaefer-Guembel, who heads the SPD in Hesse state.“I have closely worked with the SPD working group and I’m supporting the result to follow the Swiss model,” Scholz, running for leadership of the SPD, was quoted as saying.

Andreas Jung, vice chair of the conservative benches in parliament, said Chancellor Angela Merkel’s conservative Christian Democratic Union was opposed to the move, Handelsblatt reported.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Big Brother realDonaldTrump no like wealth tax. POTUS prefer taxing poor & big budget deficits. MickMulvaneyOMB PressSec OMBPress SenBillCassidy RepClayHiggins SenJohnKennedy 1984isnow

Democrats doing things to mess up Germany's economy again. Tax cuts lead to investment and job creation!

Of course they do. Anything to avoid actual economic growth in the EU - because that would lead to a loss of centralized control

So they can give it to the moose lamb immigrants.

NoSPD

have strong words with BoristheBullshiter

Tax them up

how about 'automation tax' to companies killing jobs with automation? It makes more sense..

If a mogul takes 40,000 jobs by sheer intelligence, then tax him for 20-30,000. Welfare systems would then have an angel in their ranks.

That’s a bit ‘rich’ coming from such people.

Another step toward socialism. Stupid.

That nice collection looks expensive got there be shame if not taxed 'our' people GermanyDiplo usnavy ripple alwayschoice mare re: pay grade increase TattooSkills culture lease-a Fidelity positions ally delusional concepts let you down nothing can do development rate .us

Smelling the baskets.

Some sense!

Worst Germany's finance minister ever... 🙈

Wealth tax to finance programs to fight global warming but not their defense, it's better to let American taxpayers pay for that. Americans are also subsidizing their low drug prices.

The voodoo trickle down greed is good policies that Reagan brought to the US have led to a wealth inequality that is criminal. Time to vote out adherents to that twisted religion one by one. inequality

Such tax didn't work well in France, did it ? German irrational side in full display. Instead of boosting internal consumption and investment, especially in its infrastructure, they dragg whole Europe to recession.

Interesting SenSanders ewarren KamalaHarris BetoORourke CoryBooker PeteButtigieg JulianCastro

Terrible idea.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thomas Middelhoff reflects on failure in German businessThomas Middelhoff’s tale of hubris resonated beyond the corporate world He followed the path of the American New Economy, which has nothing to do with german corporate culture . alllibertynews He is very honest in this book, he was always a competitive person but not greedy, that happened as he says after comparing his salary to others... then it just got out of hand. Very interesting self observation.
Source: TheEconomist - 🏆 6. / 92 Read more »

Former Indian finance minister Arun Jaitley dies aged 66Arun Jaitley, the former Indian finance minister and one of Prime Minister Naren... after what is called treatment for diabetes cancer and a 'bypass' operation Sushma Swaraj & Jaitley dying so young? What going on in New Delhi? Pollution & lousy health care? Shame! I came from Andhra Pradesh to U.S in 1966. I am still here & I am 80 years old. Take care Mr. Modi! India needs you! 😭
Source: Reuters - 🏆 2. / 97 Read more »

India's ex-Finance Minister Arun Jaitley dies at 66Arun Jaitley, India's former finance minister and a key member of Prime Minister Narendra Modi's first-term Cabinet, has died. He was 66.
Source: ABC - 🏆 471. / 51 Read more »