Germany’s Social Democratic Party (SPD) has proposed sweeping changes to inheritance tax rules, setting up a fresh dispute with its conservative coalition partner. The reforms aim to make the system fairer by increasing taxes on large estates while easing the burden on smaller inheritances, just as the government faces several important regional elections this year. […]
Switzerland will vote on Sunday on a proposed wealth tax targeting fortunes of 50 million Swiss francs ($62 million) or more, a move seen as a test of the public’s appetite for redistribution in one of the world’s richest nations. The initiative, launched by the youth wing of the Social Democrats (JUSO), calls for a […]
A citizens’ group has decided how to distribute the fortune of Marlene Engelhorn, an Austro-German heiress. Earlier this year, Engelhorn established a panel of 50 individuals to determine how to allocate the millions she inherited from her grandmother. The funds will benefit 77 organizations, including social and climate groups, as well as notable left-wing entities.
Marlene Engelhorn, a 31-year-old Austro-German heiress residing in Vienna, is taking a unique approach to wealth redistribution. Inheriting a substantial fortune from her grandmother, Traudl Engelhorn-Vechiatto, who was valued at $4.2 billion, Marlene aims to address the inequality exacerbated by the absence of inheritance tax in Austria since 2008. Motivated by a sense of



