German Tax Debate Clouds Family Business Successions
German lawmakers debate inheritance tax reforms as aging owners retire. Critics target wealth inequality while firms fear higher costs will hinder investment.
Xurve View
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Xurve View
Germany's Social Democrats propose a 5 million-euro ($5.89 million) inheritance tax allowance to reform inter-generational business transfers. The plan introduces a flat allowance with potential deferral for up to 20 years, reducing the current threshold of 26 million euros where assets can be transferred largely tax-free. These changes could disrupt the succession of 2 million mid-sized firms currently owned by aging baby boomers.
