Telework should be taxed, Deutsche Bank report suggests
Working from home should be taxed to help support workers whose jobs are under threat, a report published by Greman Deutsche Bank has suggested, according to the BBC.
Deutsche Bank Research suggests a tax of 5% of a worker’s salary if workers choose to work from home when they are not forced to by the current pandemic.
The tax would be paid for by employers and the income generated would be paid to people who cannot work from home.
This could earn $48bn (£36bn) if introduced in the US and would help redress the balance, the bank says.
It argues this is only fair, as those who work from home are saving money and not paying into the system like those who go out to work.
In the UK, Deutsche Bank calculates the tax would generate a pot of £6.9bn a year, which could pay out grants of £2,000 a year to low-income workers and those under threat of redundancy
“For years we have needed a tax on remote workers,” wrote Deutsche Bank strategist Luke Templeman. “Covid has just made it obvious.”
“Quite simply, our economic system is not set up to cope with people who can disconnect themselves from face-to-face society.
You may be interested
Senior high schools across Greece to open on April 12Panos - Apr 08, 2021
Senior high schools across the country will open on April 12 with both students and teachers obligated to take Covid-19…
“Dear God, Please help me to hate White people”, writes African-American theology Prof. in prayer bookPanos - Apr 08, 2021
A seminary professor wrote a prayer in which she asks God to help her “hate White people.” Chanequa Walker-Barnes is…
Joint military exercise wth Greece, France, and CyprusPanos - Apr 08, 2021
A small-scale military exercise with the participation of Greece, France, and Cyprus, was conducted today, in the framework of the…