Tax those who have been lucky enough to be able to work from home to help those who have lost their jobs due to the health emergency caused by the Coronavirus: this would be the solution found by Deutsche Bank, Germany’s first bank. A proposal that is already being widely discussed. Instead of looking for a way to remedy the funds needed to support citizens in need without further squeezing the population, the German bank’s response would be this: to impose an extra 5% tax on the salaries of those operating in smart-working. It was Luke Templeman, strategist of Deutsche Bank, who explained in detail what the project consists of. A project that has caused quite a bit of controversy.
According to Templeman’s reasoning, those who work from home save money by not using public transport to get around and not spending money to buy lunch. So here’s the fee, which would not affect the pockets of the targeted category too much. The amount raised thanks to this new, sudden, mini-sting, would constitute a fund from which to draw to help those who have been economically damaged by the health emergency.“For years we have needed a tax on remote workers, and Covid has made it clear to everyone”Templeman said, as reported by “Milan finance”.
According to the Deutsche Bank Research report, which is already looking outside Germany, if the United States of America decides to apply this system, they could reach the substantial figure of 49 billion dollars. Germany, on the other hand, could aim for 20 billion euros. Funds that, after the pandemic, will be used to help citizens in serious economic difficulty.
The description given of the worker from home is not very generous. Indeed, Deutsche Bank appears to have generalized to say the least in its analysis. In addition to not spending money to travel and buy lunch, those who work at home“It can save money on clothes and all that is needed in a face-to-face economy. And this is a big problem ”. Not only. Those who work from home “They receive benefits direct and indirect financial and should be taxed to facilitate the transition process for those who have suddenly lost their jobs ”.
“The virus has benefited those who can do their jobs virtually, such as banking analysts, and has threatened the livelihoods or health of those who cannot.“, Templeman continued. The 5% tax rate on salary “It will not cause them worse consequences than they would if they had chosen to go to the office”, and will be paid directly by the employers. Obviously, Templeman pointed out, they would be excluded “Self-employed and low-income workers”.
–
