What does Volt stand for? / Economy & Fiscal Justice

Tax shift

To create a citizen-centric economy and society, we propose a tax shift from labour taxes to taxes on pollution, health-damaging activities, and extreme wealth. This will enable citizens to have more freedom to spend their money on what they prefer, while being incentivized to make choices that are not harmful to our planet or fellow citizens' health.

  • Encourage employment: A substantial increase in the tax-free allowance and the work bonus

  • Funding the tax shift through a capital gains tax on high net worth

  • Shifting the tax burden from labour to polluting and harmful practices, such as phasing out the fiscal benefits for company cars

  • VAT reform: A 0% rate on healthy food, sports, and green mobility, and a 25% rate on tobacco, alcoholic beverages, and unhealthy food

The 5+1 Challenges

Volt has defined 5+1 fundamental Challenges that need to be tackled in each European country and in Europe as a whole.

Why 5 + 1 Challenges?

The 5 Challenges are basically the same for every country, but their implementation can be adapted on the national level to take into account local realities.

The +1 Challenge – our proposal to reform and strengthen the EU – is identical across all our national programmes.

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  • 01

    Smart State

    Education and digitalisation are key elements of the 21st century.

  • 02

    Economic Renaissance

    An innovative economy must be the engine of society's progress.

  • 03

    Social Equality

    No-one should be left behind - no matter their gender, income, religion. or origin.

  • 04

    Global Balance

    Europe needs to assume responsibility for its role in global challenges.

  • 05

    Citizen Empowerment

    People must be empowered to influence politics beyond elections alone.

  • +1

    EU Reform

    We love the EU - this doesn't mean there is no room for improvement.