By the way, most people are happy to have recovered the goods left by their ancestors. But a German girl living in Austria is saddened by the billions left behind by her grandparents. In fact, she wants this tax imposed on her. According to the New York Post, the young German expressed her “dissatisfaction” with the legacy of the Arabs to come. She wants high taxes to be imposed by the government on all of this.
Austrian Marlene Engelhorn made the shocking remarks after her grandmother passed away last month, leaving behind a large sum of money from the family’s long-established chemicals business. According to Engelhorn, inheritance money should be taxed and not simply left for the benefit of an individual. According to the New York Post, Engelhorn is the co-founder of “Tax Me Now,” an association of wealthy individuals that seeks to redistribute wealth in Germany and Austria by raising taxes on the wealthy.
Engelhorn favors higher taxes on inherited property because, according to her, the wealth was not acquired by the heir. It must be distributed fairly. Austria, where Engelhorn lives, abolished inheritance tax in 2008, according to the New York Post.
The New York Post cited a Forbes report that the multi-billion dollar family business originated from the chemical company BASF, which was founded in 1865. The family’s net worth is estimated at US$4.2 billion. The New York Post further cited a Times report, that Engelhorn was raised in a Vienna mansion and attended French schools.
Keywords: property tax, world news
FIRST POST: November 02, 2022, 6:13 p.m. IST