• RunawayFixer@lemmy.world
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    1 month ago

    If I understood it correctly, then the tldr is: Normal people get an exemption of 10.000 euros, after which they pay 25% tax on capital gains. Meanwhile rich people with creative accountants get an exemption of 1.000.000 euros, with a reduced rate up till 10.000.000 euros, after which they pay 10% tax. And they’re trying to misrepresent what they’re doing of course.

    • myrmidex@slrpnk.netOP
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      1 month ago

      Not entirely correct, I reckon that De Grauwe uses a fictional example to assert his point.

      For the exact measures that are currently on the table, I can refer you to this VRT page, which says:

      • exemption of 10.000 euros in profit
      • a tax of 10% on all profits above 10.000
      • And then the exemptions for the “strongest shoulders”: For people who own more than 20 percent of the shares of a company, there is an exemption of 1 million euros. The added value between 1 and 2.5 million euros is taxed at 1.25 percent, that between 2.5 and 5 million euros at 2.5 percent and that between 5 and 10 million euros at 5 percent. Only from a profit of 10 million euros you pay the ‘full’ added value tax of 10 percent.