I just learned that, while the deficit is ballooning, the goverment decided to decrease inheritance tax. What is this insanity? See:

Starting in 2026, the Flemish government will implement a gradual reduction in inheritance tax. Specific percentages or threshold amounts of the brackets have yet to be announced, but it is already clear that the reduction will apply to all types of heirs

Source: https://news.pwc.be/important-changes-in-flemish-registration-duties-and-inheritance-tax-coming-soon/

by absurdherowaw

14 comments

  1. Flemish <=> Federal government. The former can afford this, the latter hasn’t been able to afford anything since the 90s.

  2. Calling a tax decrease insanity… I never thought I would live to see the day but here we are. People screaming for more taxes

  3. Jealousy is spiking lately.

    This country’s finance problem is not on the income side.

  4. If you still pay (inheritance) tax, you’re not wealthy enough…

  5. Because we have a neoliberal Flemish government in place and inheritance tax is one of the best ways to redistribute wealth. Which is exactly what neoliberals hate.

  6. Inheritance tax is the most unfair tax in existence. Your parents worked for that money and already paid income tax on it. Fine by me if you put an inheritance tax on people with large sums of money, but at least half a million should be tax free so you can at least inherit your parents’ house

  7. Trust me, it won’t be a big present. It just feels that way, that’s what we need to keep people in line.

  8. Fine if they increase inheritance tax, but cut the crap with new the capital gains tax (meerwaardebelasting) already.

  9. Whats the fetish with bullieng the middle class. Go for the rich guys who amass wealth by putting it on companies. For example families that own rental propperties as a rental company dont have to pay inheritance tax when passing it down to the next generation. And even better their entire business model exits on the middle class having to sell their childhood homes because they cant afford to pay the inheritance tax for the propperty.

    Go after those parasites, renting something out should be a way to earn an extra penny from a lucky property, not a business model.

  10. If the wealthy accumulate enough money then it eventually trickles down to everyone else. Or so say the neoliberals. And low tax inheritance is a big help in letting the rich stay rich.

  11. Inheritance tax is a poverty tax. If you are financially savvy or wealthy enough you don’t pay any.

  12. There are well known ways to avoid those taxes as of today already. Removing this tax will simply level the field. I agree that the leveling should be done the other way, but it would require deeper reforms that it would seem our governments are unable to make (either because they don’t want to or are unable to)

  13. it’s very important for the very rich to be able to remain rich over several generations thanks to generational wealth. Thus reduction of inheritance tax was written in the stars when the NVA came into power.

  14. Rich and/or well informed people uses legal tricks like “patrimony companies” to give their capital before they die so their children don’t have to pay taxes they just take over the company. So basically they don’t inherit anything else than the company, all the material thing are owned by the company… It is a well know and old trick. There is a lot of of tricks. Like if you want to marry someone and buy the half of her house, don’t buy it, create a “*partnership of acquests*” and pay a “reward” to your futur wife so you avoid all taxes and get 50% of the house. There are plenty of legal tricks to avoid taxes but generaly you need some money and some knowledge to put them in place.

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