Wealth Tax To Pay For EU Bail- OutsSubmitted by emalvini on Sun, 04/14/2013 - 23:47
Wealth Tax To Pay For EU Bail- Outs
Wealthy households would face new taxes on property and other assets under German plans to prop up the struggling eurozone.
By Ambrose Evans-Pritchard | 9:36PM BST | 14 Apr 2013
Senior advisers to Chancellor Angela Merkel are pushing for better-off households to pay towards the cost of any future bail-outs for the weaker members of the single currency.
The proposals, from members of Germany’s council of economic experts, raise the prospect of taxes being imposed on property in a country like Spain if its government was forced to seek a bail-out.
The council, known as the “Five Wise Men”, is often used to test new policies that are later adopted officially.