In recent days there has been much discussion about capital gains tax. No reference to capital gains tax is contained in the federal coalition agreement, something that is questioned by some fiscal experts.
There is also discord with in the Federal Government. The differences of opinion on the issue voiced by several cabinet ministers over the past few days appear to provide evidence of this.
The events of the past few days have not served to please the Prime Minister. “I am not going to allow others to set my agenda. During the coalition negotiations we discussed taxation at some length. The coalition agreement is the result of these discussions and it received the back of a big majority of MPs. anyone can read what it does and doesn’t contain. I ask of the four parties that they remain true to it”, Mr Michel added
Nevertheless, Charles Michel doesn’t completely rule out the introduction of a new system of capital gains tax.
"It is the government’s ambition to, in time; carry out wide-ranging fiscal reform in order to simplify the taxation system. It is within this framework that and eventual tax shift can be discussed.”
Mr Michel concluded by saying that "It is my view that taxation on capital gains is something that can best be agreed at an international level.”