Bundesbank Proposes Wealth Tax for Euro Bailouts

Bundesbank Proposes Wealth Tax for Euro Bailouts

Published on 04/02/2014

FRANKFURT—A one-time levy on private wealth could be an option for euro-zone countries facing extraordinary circumstances, Germany’s central bank said Monday, reviving a long-standing debate over how far German taxpayers should go to support their indebted neighbours. Governments would also have to implement the one-time tax quickly, or risk boosting tax evasion, “and increasing tax evasion would in turn decrease the acceptance of the levy,” the Bundesbank said.

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