ISF

• Slowly but surely, calls for a wealth tax to finance the green transition are picking up in Europe, with a number of initiatives from different political movements put the issue (back) on the political agenda.
• It found that a European tax on the 0.5% richest households would bring in 213 billion euros a year, anything but insignificant.
• This is all the more remarkable given the virtual disappearance of wealth taxes within the member states of the EU.

Ended in France, suspended in Germany

• To plug the budgetary hole, Macron replaced it with a tax on property wealth, the IFI.
• The impact of the change on reducing the tax exile rate or improving the country’s competitiveness remains unproven.

• As property was taxed less heavily than financial assets, the court asked Helmut Kohl’s government to revise the property values on which wealth tax was based.
• As the Kohl government chose not to do so, the tax was automatically suspended – though not abolished – on 1 January 1997.

An unlikely return to the national level

• In the two countries often described as the “engines of Europe”, the question of a return of capital taxation has frequently arisen.
• In Germany, all the left-wing parties put it on their manifesto at every legislative election, but with the exception of die Linke, none is taking action.
• Interviews we conducted with SPD and Green Party members of parliament between 2010 and 2016 show that the defence of wealth tax is just a façade.
• Although business assets have been excluded from the tax base, the tax was decried as a disguised corporate tax.

A European solution?

• By moving to the European level, the supporters of a wealth tax can bypass the criticism that individual nations’ firms are being weakened in European economic competition.
• It is certainly this dimension that has led France’s Ministry of Economics to keep open the possibility of a European wealth tax.
• If the European Citizens’ Initiative reaches the required number of signatures, it would enable supporters of the wealth tax to mobilise European public opinion.

Martin Baloge ne travaille pas, ne conseille pas, ne possède pas de parts, ne reçoit pas de fonds d'une organisation qui pourrait tirer profit de cet article, et n'a déclaré aucune autre affiliation que son organisme de recherche.

• The Ministry organized the Forum in partnership with the Indonesian Chamber of Commerce and Industry (Kadin Indonesia).
• The World Bank President Ajay Banga participated in a fireside chat with the Coordinating Minister for Maritime Affairs and Investment, Luhut.
• Speaking at the event, Luhut said that Indonesia stands ready to become an influential force to push forward the sustainability agenda across the region.
• With the spirit of global collaboration in mind, we initiated the Indonesia Sustainability Forum," said Luhut in his speech.

• UTS researchers have devised current decarbonisation pathways for each G20 country and the EU27 region, using technically high-resolution energy scenarios.
• The scenarios are the first and most detailed of their kind, with each pathway broken down into sub-pathways for 19 industry and service sectors.
• ISF Research Director Associate Professor Sven Teske says, "This carbon budget is a hard limit for a soft landing.
• "It first sets out what must happen in G20 economies across all sectors and contains a clear ask to adopt the Carbon Index.

• The "Global Epifluidic Diagnostics Technology Advancements and Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
• This research service examines the advancements in epifluidic diagnostics technology, identifying the growth opportunities they present for the healthcare industry.
• It also identifies the key participants in the sweat-based epifluidic diagnostics and ISF-based epifluidic diagnostics segments, examining the technologies they employ, their target applications, and commercial readiness levels.
• Sweat-based epifluidic diagnostics are predominantly utilized for hydration management and substance-use detection, while ISF-based epifluidic diagnostics are employed for metabolite measurement.