"At some point in the future, the taxpayer will have to cover the costs of the crisis, even we're not saying it publicly yet", Wolf stated during the interview. He believes that tax reforms would be in order to regain a balance between capital and labour.
One of the possible routes would be raising taxes on specialised investment funds, which Wolff believes could be implemented before the planned reform in three years. He declared the tax discrepancy between private citizens, which can amount to 45%, and specialised funds, which are set at 0.01%, simply unfeasible. Furthermore, the issue has been a point of discussion since 2013, and should finally come to a conclusion.
Wolff also talked about the pandemic's implications on civil servants, acknowledging that solidarity is needed. Employees need to understand that their demands made prior to the beginning of the outbreak are no longer be realistic and will have to be amended. However, he did not specify any details about a change in direction, only that a situation comparable to that of ArcelorMittal or Luxair should be avoided.
When asked about possible solutions to the social injustices in the Gand Duchy, Wolff emphasised the necessity of guaranteeing no further tax raises. He noted that the government should indeed prioritise the relaunching of the economy, but cannot forget its responsibilities towards its employees.
Wolff was also displeased with the latest tripartite, noting that while both the government and the unions had taken the occasion seriously, the enthusiasm on the side of employers had been limited to only two appearances.
