Thursday, November 12, 2020

Deutsche Bank researchers call for a 5% 'privilege' tax on people choosing to work from home, with the money given to low-income staff

Ed.'s note: The most corrupt bank in the world outside of maybe HSBC Bank (money laundering capital of the world), Deutsche Bank proposes a 5% work from home tax for the "privilege" of working at hime. Think about that for a moment. The World Bank, the IMF and Deutsche Bank are all behind the Davos WEF crowd with their planned "Great Reset" under cover of COVID demolishing businesses, forcing mask wearing and lockdowns (deliberate destruction of the American economy), then announce a work from home (WFH) 5% tax. Employees are forced to work at home and are now threatened with a punitive tax. Deutsche Bank is nothing more than a high stakes global money laundering operation involved in espionage, toxic mortgage securities, tax evasion, LIBOR interest rate manipulation; suffice it to say its rap sheet is long. Deutsche Bank is also the bank alleged to hold all of Trump's secrets. Is it "toxic assets" or just a toxic bank?

A Bank with 49 Trillion Dollars in Exposure to Derivatives Is Melting Down Right in Front of Our Eyes
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Source: Business Insider

By Kate Duffy | November 11, 2020 
Working from home should be taxed to help support people on low incomes who cannot do their jobs remotely, Deutsche Bank said Tuesday.

• People choosing to work from home despite their company providing a permanent desk should pay the tax, at 5% of their salary. If companies do not offer permanent desks, they should pay instead, the report argued.

• Deutsche said the tax could raise $49 billion per year in the US, 20 billion euros ($23.6 billion) in Germany, and £7 billion ($9.3 billion) in the UK.

• The bank said an average worker would not be worse off if they paid the tax, because they are saving money on travel, food, and clothes by working remotely.

Deutsche Bank said Tuesday that people choosing to work from home rather than in an office should be taxed 5% of their salary, with the money used to support people on low incomes who cannot do their jobs remotely.

A new report from the German bank said that the average person would be no worse off if they paid this tax, because by working remotely they save money on travel, food, and clothes.

Employers should pay the tax if they don't provide staff with a permanent desk, it said. Otherwise, staff should pay it out of their salary for every day they work from home.

According to Deutsche's calculations, this tax could raise $49 billion per year in the US, 20 billion euros ($23.6 billion) in Germany, and £7 billion ($9.3 billion) in the UK, funding subsidies for low-income earners who cannot work remotely.

The self-employed and low-paid staff should be excluded from the charges, it said. The tax should only apply in countries where the government hasn't advised people to work from home, it said. If the government has told people to work from home, the tax would be unfair.

"Working from home will be part of the 'new normal' well after the pandemic has passed. We argue that remote workers should pay a tax for the privilege," Jim Reid, research strategist at Deutsche Bank, said in the report.

The report argued that the taxes are fair because those working from home have gained many benefits during the pandemic, such as convenience and flexibility, as well as saving money.

Please go to Business Insider to read the entire article. 
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