Switzerland’s government rejected a proposal to jack up inheritance taxes on the super rich, diminishing the chances of the plan passing in a national vote.
At least in Finland you can’t give tax free gifts over a small amount. So you can’t give part of your company to your children beforehand. The only way things like family farms can be inherited is that at least some part of inheritances is tax free.
Not to mention that farms are usually run by one family. Hard to imagine siblings wanting to live and work on the same farm together.
These are difficult issues. I don’t think we can figure out a perfect system, we are going to have to live with flaws.
At least in Finland you can’t give tax free gifts over a small amount. So you can’t give part of your company to your children beforehand. The only way things like family farms can be inherited is that at least some part of inheritances is tax free.
Not to mention that farms are usually run by one family. Hard to imagine siblings wanting to live and work on the same farm together.
These are difficult issues. I don’t think we can figure out a perfect system, we are going to have to live with flaws.