German Finance Minister Olaf Scholz is backing plans for a wealth tax his Social...
German Finance Minister Olaf Scholz attends a news conference on his bid to lead the centre-left SPD party in Berlin, Germany, August 21, 2019. REUTERS/Axel Schmidt
Leading members of the SPD, junior partners in the ruling coalition, will meet on Monday to discuss plans to reintroduce the tax, which have developed in a working group led by Thorsten Schaefer-Guembel, who heads the SPD in Hesse state.“I have closely worked with the SPD working group and I’m supporting the result to follow the Swiss model,” Scholz, running for leadership of the SPD, was quoted as saying.
Andreas Jung, vice chair of the conservative benches in parliament, said Chancellor Angela Merkel’s conservative Christian Democratic Union was opposed to the move, Handelsblatt reported.
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