Council of State criticizes cabinet plan for box 3 and advises postponement

The Council of State has given a C rating to a proposed law, indicating several objections and advising against its current submission to Parliament. The implementation by 2028 is deemed unfeasible, with 2030 suggested as a better target. The government is not obligated to follow the Council's advice, and past proposals have been approved despite poor ratings. The proposal, which includes a capital gains tax, has faced criticism from the Tax Authority regarding its execution. The government aims to expedite the proposal's review before November 12, but the Council warns that haste may compromise the legislative process's quality. Funding for the changes remains unclear, with potential reliance on reduced corporate tax rates.