GO
Loading...

Thousands in Germany Protest for Wealth Tax

Germany
Germany

Thousands of people across Germany have protested for the introduction of taxes on wealth and financial transactions.

Organizers said Saturday around 40,000 people took to the streets in 40 cities to demand a more equal society.

Police estimates of the turnout in the country's biggest cities were lower than the organizers'. Frankfurt police said about 4,000 took to the streets and Cologne reported 2,000. Authorities in Berlin declined to provide an estimate but organizers said about 5,000 protested in the capital.

The organizers — including unions, civil society groups and the anti-globalization group Attac — demand a permanent tax on people's wealth "to have rich households contribute significantly more." They said the tax they're supporting would only affect the country's wealthiest citizens, with almost 99 percent not paying additional taxes.

Contact Europe News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Europe Video

  • Ahead of the opening bell for the U.S. markets today, Scott Shellady, senior vice president at TJM Investments, discusses nonfarm payrolls and quantitative easing

  • The first round of U.S. banks stress tests show that all 31 banks have passed. John Blank, chief equity strategist at Zacks Investment Research, weighs in with his reaction.

  • All 31 banks have passed the first round of the Federal Reserve's stress tests. Cole Smead, managing director & portfolio manager at Smead Capital Management, discusses whether its time to get bullish on banks.