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Bodry wants debate on wealth tax
Luxembourg

Bodry wants debate on wealth tax

30.01.2014 From our online archive
Alex Bodry, head of the LSAP's group in parliament, has spoken out in favour of a Luxembourg wealth tax, saying that he does not doubt the idea will prevail.

(CS/jm) Alex Bodry, head of the LSAP's group in parliament, has spoken out in favour of a Luxembourg wealth tax, saying that he does not doubt the idea will prevail.

According to Bodry there is no way around increasing tax rates for Luxembourg's wealthier citizens, should the government want to ease the middle class's financial burden, while at the same time not making more demands on lower income households.

The LSAP politician said that the measure makes sense in order to ensure a “fair” tax reform, which the government announced for 2016.

In order to ensure swift progress on the reform, the debate on a wealth tax needs to be held now, Bodry added.

However, answering a parliamentary question by Gilles Roth and Diane Adehm (CSV), Finance Minister Pierre Gramegna commented that the suggestion to introduce a wealth tax is only “one idea” and part of a broader review and debate.

In answer to a parliamentary question by Laurent Mosar, the Finance Minister added: “At this point there is no reason to comment on different ideas, which are discussed as part of the reform.”

The goal of the reform is a “balanced package,” combining competitiveness and keeping Luxembourg attractive as a business location, while at the same time creating an adequate amount of revenue, the minister explained.

Economy Minister Etienne Schneider had previously spoken out in favour of lowering operating taxes for businesses. This, too, was only called an “idea” by Gramegna.