At a business reception in Halle, Chancellor Friedrich Merz (CDU) rejected the plans of its coalition partner SPD to reform the inheritance tax. “I don’t want tax burdens to make it even more difficult for families to pass on businesses,” said Merz. Medium and small companies in particular are the “real backbone of our economy”. According to the Chancellor, they must not be unsettled by tax debates.
“That’s why I would like to ask our coalition partner not to create additional uncertainty in the population and especially in medium-sized companies through tax policy proposals these days when it comes to the question of the succession of the next generation in these companies,” Merz continued. The Chancellor advised that the judgment expected later this year Federal Constitutional Court to wait for inheritance tax. “Then we may have to make political decisions in light of these decisions,” he said.
The SPD wants to tax rich heirs more heavily. Their concept provides for a new allowance of five million euros for the inheritance of companies. From then on, taxes will be due, with deferral options of up to 20 years. The Social Democrats want to abolish existing rules on protection.
This article will continue to be updated.
