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Austrian heiress donates $27 million to organizations

One. An heiress who has denounced the shortage of wealth and inheritance taxes in Austria donated most of her cash, $27 million, to 77 organizations, together with social and local weather teams in addition to distinguished leftists.

Marlene Engelhorn, 32, has been criticizing her lucky start for years, which led her to inherit tens of thousands and thousands with out having to present something to the State, and asking for modifications.

In January he mentioned {that a} panel chosen by a pollster as consultant of the Austrian individuals would resolve the best way to distribute the sum, with none intervention on his half. The listing of 77 beneficiaries was introduced on Tuesday.

“A big portion of my inherited wealth, which elevated me to a place of energy just by advantage of my start, contradicting each democratic precept, has now been redistributed in accordance with democratic values,” Engelhorn defined in a press release.

A spokesman mentioned the $27 million quantities to “the bulk” of his belongings, though he retains an undisclosed sum.

The panel examined “above all of the query of the results of our unequal distribution of wealth” and debates on “democracy and participation in it, tax justice and social inequality,” he mentioned.

Engelhorn is a descendant of Friedrich Engelhorn, founding father of the German chemical big BASF in 1865. His grandmother Gertraud Engelhorn-Vechiatto married the businessman’s great-grandson. When Engelhorn-Vechiatto died in 2022, Marlene inherited a big sum.

Two of the 4 donations of multiple million euros went to the Momentum Institute, a left-wing assume tank, and Attac Austria, which opposes neoliberal financial coverage and “deregulated monetary markets.”


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– 2024-06-23 07:59:07

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