Huffpost Business

Wealth Tax Demanded By 40,000 Protestors Around 40 Cities In Germany

Posted: Updated:
BERLIN, GERMANY - SEPTEMBER 29: Several hundreds activists protest in a demonstration against the increasing gap between wealth and poverty on September 29, 2012 in Berlin, Germany. The demonstration is part of a nationwide day of action. (Photo by Carsten Koall/Getty Images) | Getty Images

BERLIN -- 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.

Also on HuffPost:

The Top 10 Tax Havens
Share this
Current Slide

Suggest a correction

Around the Web

Thousands in Germany Protest for Wealth Tax - Business News ...

Thousands in Germany protest for wealth tax - Miami Herald

Wealth tax - Wikipedia, the free encyclopedia

Thousands in Germany protest for wealth tax | AP Business News ...

Thousands in Germany protest for wealth tax | AP Business ...

Thousands in Germany protest for wealth tax

Hollande Raises Taxes on Rich, Companies to Cut French Deficit

US STOCKS-Wall St treads water, stays on ECB watch

A German wealth tax

Tony Wickenden: Europe shows a wealth tax is hard to implement