"Exit Tax" in Europe to Prevent the Wealthy from Leaving

14 February, 2025, 04:00 pm

Last modified: 14 February, 2025, 04:00 pm

"Exit Tax" in Europe to Prevent the Wealthy from Leaving

14 February, 2025, 04:00 pm

Last modified: 14 February, 2025, 04:00 pm

Germany's coalition government has agreed to introduce an "exit tax" despite disagreements over climate policy and the budget. Under the new law, anyone who wants to leave Germany with more than 500,000 euros in investment funds from January 2025 will have to pay income tax on the profits earned in the country.

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