One-off wealth levy for billionaires and multimillionaires

Summary

Presentation of a bill for a wealth tax in accordance with the Basic Law due to the extraordinary financing needs as a result of the Corona crisis, burden on the richest 0.7 percent of the adult population, levy on the net assets subject to tax as of January 1, 2021, allowances for natural persons and companies in the amount of 2 or 5 million euros, as well as for non-capital-forming pension assets of up to 1 million euros, e.g. for retirement provision, linear-progressive tax rate of 10 to 30 percent, payments spread over 20 years

Machine translation from German. The official text remains authoritative.

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  Drucksache · DE · 22 April 2021

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