Gregory's Server
@rysiek This is generally an interesting proposal. Though the regulations will have to be pretty tight. It will be interesting to see how this pans out.
The general problem with taxing the wealthy was always that they could just likely evade the tax by moving to another country in the EU or using one of the various loopholes, that just exist.
Taking this on at european level makes that more difficult for sure. Though Switzerland and Great Britian still exist as "safe harbours" in Europe (since both of them are not part of the EU and you live very comfortable there).
Another thing to generally keep in mind is that wealth tax is a fairly difficult tax to a) actually determine since there is a lot of different assets and b) to actually collect since likely not all wealth should be taxed.
We had such a tax in germany like almost 30 years at this point. Collegues at work that I asked about said that the tax quite bad to determine...
So it will be interesting to see if this comes to fruition and how they will solve the challenges associated with it (and how many loopholes they conviently "forget" in there)
The general problem with taxing the wealthy was always that they could just likely evade the tax by moving to another country in the EU or using one of the various loopholes, that just exist.
Taking this on at european level makes that more difficult for sure. Though Switzerland and Great Britian still exist as "safe harbours" in Europe (since both of them are not part of the EU and you live very comfortable there).
Another thing to generally keep in mind is that wealth tax is a fairly difficult tax to a) actually determine since there is a lot of different assets and b) to actually collect since likely not all wealth should be taxed.
We had such a tax in germany like almost 30 years at this point. Collegues at work that I asked about said that the tax quite bad to determine...
So it will be interesting to see if this comes to fruition and how they will solve the challenges associated with it (and how many loopholes they conviently "forget" in there)