Inheritance and wealth tax in the election programs

Wealth tax and inheritance tax can be particularly detrimental to efficiency and therefore anti-economic if they burden business assets. In the best case, both types of taxes are paid from current income from the asset, i.e. the company, and can therefore be converted into an effective income tax burden. A possible deferral can spread the payment of the tax over several years but does not change the fundamental burden on business income, even if the tax is paid by natural persons, i.e. the owners or heirs of the business assets. If current income is not sufficient to pay taxes, the substance of the company is affected. But even if current income is sufficient, wealth and inheritance taxes reduce the ability of companies to make investments or create jobs because part of the income is used to pay taxes.