Family Businesses
SPD plans inheritance tax reform amid economic criticism
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The SPD aims to reform inheritance tax to burden large fortunes more heavily while relieving smaller ones. The concept proposes a lifetime exemption of one million euros and raises the allowance for family businesses to five million euros. Business associations and the CDU criticize the plans as a burden on the middle class.
Handelsblatt, KPMG, and the Family Businesses Foundation have inducted three outstanding family entrepreneurs into the Hall of Fame. The new members come from water technology, satellite manufacturing, and machinery production. The ceremony took place in Munich.
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Marta Fort, heir to the Fort family, responded to a cousin who publicly claimed a position in the family business. In an ironic reply, she criticized the use of media for the demand, though she is open to proposals from the relative. Her statement ended with a 'Enough, guys!' to close the controversy.