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Tax Foundation · Dec 11, 2025

Testimony: Taxation of Ultra-High-Net-Worth Individuals

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 Testimony: Taxation of Ultra-High-Net-Worth Individuals. General industry update.

Summary

Instead of implementing new wealth taxes, European policymakers should focus on making the current tax system more efficient and transparent.

Classification

Category: backgroundPriority: informationalReason: General tax news

Applies To

1040

Affected Groups

Individual return preparers

Original Source

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

Read original article