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.
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.
2 Comments
RunawayFixer@lemmy.world · 3 pts · 1y
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.net · 3 pts · 1y
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: