Man Heintz, the previous director of the Tax Administration, makes a collection of proposals in case the state is in want of recent revenues after the coronavirus disaster.
In a guide printed by the Robert Krieps Basis, which has ties to the Luxembourg Socialist Staff’ Occasion (LSAP), the previous director of the Tax Administration, Man Heintz, writes that after a disaster such because the Covid-19 pandemic, it’s essential to assess the budgetary scenario of the State and the municipalities.
Heinz argues that whereas it is probably not advisable to basically overturn Luxembourg’s tax system, it is going to however be essential to “tighten some screws”.
Within the guide, a dozen authors current their “key elements for a future [fiscal] reform”.
In keeping with Heinz, if the state wants new revenues after the well being disaster, a collection of measures needs to be prioritised: First, the tax authorities needs to be given entry to the information of banks.
Second, capital positive aspects on shares in funding funds needs to be taxed. The exemption on dividends needs to be lowered from 50% to 40% and the accelerated depreciation on the rental of actual property needs to be abolished, in addition to the beneficial regime of the participation premium.
Lastly, the previous director of the Tax Administration proposes the reintroduction of the wealth tax for people, one thing which Heinz thinks will likely be “necessary” after the disaster.