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To: Win-Lose-Draw who wrote (205347)	11/17/2002 6:06:25 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

Eichel reaches for 15 per cent of the profits from speculation Before the deadline acquired shares are to be taxed with 1,5 per cent Berlin - Federal Minister of Finance Hans Eichel (SPD) wants to tax profits from speculation with overall 15 per cent. This reported on weekend several media agreeing. A spokeswoman Eichels confirmed in principle the revised draft. Eichel (SPD) is moved away thereby from its solid criticized plans to tax profits from sale with shares and real estates fully as incomes. The points of the government parties in the Sunday evening in the chancellorship in a coalition round wanted to discuss the changed concept. The Federal Cabinet wants to decide it on coming Wednesday. The Greens signaled already their agreement. The paying off tax of overall 15 per cent applies according to data from government circles to after 21 February 2003 bought shares, fund portions and real estates. Before this deadline acquired securities and houses are to be taxed with 1,5 per cent of the selling price. In addition Eichels spokeswoman referred to it that with the new regulation also losses can be made for taxation valid. With on weekend become plan corrects acorn its original project admits to tax profits from sale from stock exchange and real estate businesses fully as incomes with the individual control item. It takes thereby also distance from the double taxation of unit trust fund, against which it had given violent protests. Acorn besides had planned to levy the full tax also retroactively. Reports, according to which the tax office will in the future see all account and depot documents for past years, were disclaimed by Eichels spokeswoman. Also it contradicted the message, the Ministry flat profits from the sales of shares to occupy fund portions or real estates medium-term also with social security contributions. At present investor can sell their shares after one year and not real estates even used after ten years, without having to pay taxes on the profits. Union faction vice Friedrich Merz (CDU) said, the recent project of the Minister of Finance reflects Eichels "panic-like search for new sources of income". On the other hand Green Finanzexpertin Christine cross-eyed, the "course praised drives into the correct direction". DW welt.de