Germany currently levies no wealth tax (Vermögensteuer) — the tax was suspended by the Federal Constitutional Court in 1995 as unconstitutional due to unequal treatment across asset types, and no wealth tax has applied to individuals or companies since. There is periodic political discussion about reintroducing one (e.g. a February 2026 Left Party/DIW Berlin study proposing a wealth tax projected to raise ~€100-147 billion/year), but as of 2026 no such tax is in force or imminently scheduled.