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Senior German Economist Calls for ‘Ukraine Solidarity’ Tax

Based on the assumption that the war in Ukraine will last for a longer time, economist Monika Schnitzer called for a solidarity (“soli”) surcharge to support Ukraine. “Special events require special measures. A Ukraine soli as a surcharge on income tax for military aid would be a possible response to this challenge,” said Schnitzer, chairwoman of the government’s chief economic advisory council, consisting of five senior economic experts, and chairwoman for Comparative Economics at the Ludwig-Maximilians-University of Munich.

“This is not popular. But after all, this war is also about our freedom,” she further stressed. It is better to act now than when Russia’s aggression suddenly requires completely different measures, she declared, arguing what represents another step in building a German war economy.