Live | Heinen defends box 3 plan and cabinet coverage: 'Estimates too uncertain'
Minister Heinen defends the government's box 3 tax plan amid criticism regarding its financial coverage and potential impacts on support in the Senate. He argues that long-term revenue predictions are uncertain, making it impractical to secure funding beyond five years. The opposition expresses concern over the plan's sustainability and the implications of not addressing inheritance and gift taxes. Despite these issues, a majority in the House supports the plan, although the Senate remains divided. Heinen emphasizes the urgency of implementing a capital gains tax to avoid budget gaps, reflecting on previous decisions made due to lack of Senate support.
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