Germany’s Economic Experts Demand Tax Law Reform to Boost Growth
German economic experts are pushing for a reform of inheritance tax laws, arguing that the current system is hindering economic growth. They have also criticized the government for failing to maximize the benefits of infrastructure spending. DW has the latest German news.
Analysts suggest that the inheritance tax, which applies to assets passed down to heirs, is creating a disincentive for wealth transfer, thereby limiting investment activities. The experts argue that revisiting the tax structure could encourage more business activity and innovation within the country.
The government has not yet responded to these calls, but the issue is gaining traction among various political parties and business groups. The discussion highlights the growing concern over how efficiently public funds are being utilized in the face of economic challenges.
With the German economy currently experiencing a lull, the need for strategic fiscal policies is more pressing than ever. The debate around tax reform underscores the broader implications for economic strategy and long-term growth.