Council of State extremely negative about new wealth tax, advises to introduce new box 3 system only in 2030

The Council of State has expressed strong criticism regarding the government's proposed wealth tax, advising against its introduction in 2028. Instead, it recommends developing a new proposal for implementation in 2030. The current plan, which aims to accelerate the introduction of a capital gains tax, has faced obstacles in the Senate after adjustments were made under political pressure. The Council argues that the proposal lacks justification for differentiating between asset types, leading to increased administrative costs. It also deems the current proposal unfeasible for 2028 and suggests maintaining the existing tax system until 2029 to ensure clarity and stability amid ongoing discussions about wealth taxation.