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What's the reason for this?
by vram22 3y ago
What's the reason for this?
- rand846633 3y agoIt’s an alternative approach to what the USA achieves with their worldwide taxation.
- SR2Z 3y agoUS global taxation applies only to income, though. This is a wealth tax.
- gndk 3y agoIt was initially introduced by the Nazis and mainly used to seize assets from jews before they were rounded up for the holocaust. So today, smart entrepreneurs do what smart jews did in the 1930s - leave Germany (and the EU), before it's too late. See https://en.wikipedia.org/wiki/Reich_Flight_Tax https://en.wikipedia.org/wiki/Reich_Flight_Tax
- faeriechangling 3y agoThat link says that law was introduced by the Weimar Republic, who was debasing the Reichsmark and thus had a need to prevent capital flight, not the Nazis. The Nazis seemed like they ramped it up rather than introducing it. The law was also repealed in 1953.