Following statements by Christian Union (CDU/CSU) parliamentary group leader Jens Spahn regarding the inequitable distribution of wealth, the Social Democratic Party (SPD) intends to promptly initiate discussions on increasing taxes on large inheritances. SPD parliamentary group deputy Wiebke Esdar, in comments to the Redaktionsnetzwerk Deutschland, highlighted the perceived disparity, stating, “It is unfair when a higher proportion of taxes is paid on smaller inheritances, while only a minor portion of large, multi-billion euro inheritances in Germany are subject to taxation.
The SPD also aims to strengthen measures against tax evasion and loopholes. Esdar indicated a willingness to engage in “a factual and calm exchange” with the CDU/CSU’s representatives responsible for budget and financial policies. She acknowledged Spahn’s recognition of the uneven distribution of assets as “correct and consequently expressed optimism regarding the potential for a constructive resolution.
The SPD’s objective is to ensure that “those who are extremely wealthy in our society take on greater responsibility for the common good”. This involves reforming inheritance tax, specifically targeting substantial inheritances.
Jens Spahn’s comments, which acknowledged a degree of privilege enjoyed by wealthier individuals, preceded an upcoming ruling by the Federal Constitutional Court concerning inheritance tax. He identified the unequal wealth distribution as “a problem.
Recent data from the Federal Ministry of Finance, responding to a query from the Left Party, revealed that over half of large inheritances and gifts exceeding 100 million euros in value remained tax-free in Germany over the past decade.
Janine Wissler, deputy parliamentary group leader of the Left Party, characterized the acknowledgement of the disparity as “overdue” noting that it was significant for individual members of the CDU/CSU to voice concerns about wealth inequality. Wissler emphasized that actions, not just words, are necessary and urged Spahn to quickly present “concrete proposals to create more justice”.