Tuesday, October 19

Tag: tax

America is now ready to negotiate digital taxes
Dgitec

America is now ready to negotiate digital taxes

The change of power in Washington has consequences not only in climate policy. Joe Biden’s finance minister also approaches Europe on taxation – the reaction from France follows promptly. Dhe new American administration wants to get involved in the global negotiations on the reallocation of taxation rights. That is what the finance minister-designate Janet Yellen announced. You support the multilateral efforts to get profit shifting and methods of profit reduction under control, said Yellen in a statement. In this context, she aims to resolve the conflicts over digital taxes.She made it clear that she was keeping an eye on the competitiveness of American corporations. The American trade representative is already examining punitive tariffs against countries that have unilaterally ...
CDU wants to protect companies from tax
Middle class

CDU wants to protect companies from tax

The Union’s electoral program is taking shape with a burden cap for companies. It remains to be seen how additional spending on climate and social issues will fit in with the debt brake. In the days when the Union is fine-tuning its election manifesto, business representatives closely follow every sentence made by the party leaders. So recently they were able to register with relief that Armin Laschet seems determined to end the deadlock in tax policy. “During the crisis, we did a lot to secure the company’s liquidity. It is absurd to withdraw liquidity through tax increases after the crisis, ”said the CDU chairman on the day of the German family business. The Union’s candidate for chancellor spoke on Friday about capping corporate taxes to 25 percent, expanding loss offsetting a...
Why we need a minimum tax for companies
Economy

Why we need a minimum tax for companies

The finance ministers of America, Germany, Mexico, Indonesia and South Africa explain in a guest post why a minimum tax makes the world fairer. JEvery state has to face the injustices resulting from the profound technological change, the growing market power of large companies and the strong competitive pressure resulting from the mobility of capital. At the same time, the worst global health crisis in a hundred years has put a heavy strain on the public finances of the world’s economies. While some countries are gradually recovering from the effects of the Covid-19 crisis, others are still in the thick of it. As Finance Ministers, we are grappling with two pressing problems, all of which could threaten our economies, however different they may be.First, the big corporations and th...
BDI focuses on lower taxes for companies
Economy

BDI focuses on lower taxes for companies

German industry demands that corporation tax be reduced from 15 to 10 percent. She backs this up with a study that suspects a growth impulse after the corona. There is contradiction in this.In the beginning of the Bundestag election campaign, the Federation of German Industries (BDI) has called for relief for the economy. A study by the Institut der deutschen Wirtschaft (IW) on its behalf comes to the conclusion that lower corporate taxes would pay off for the business location. “Positive effects on economic growth” as well as on private investments and employment are to be expected. However, lower corporate taxes are viewed particularly critically by the left.The IW examined the effects of reducing corporate income tax from the current 15 percent to 10 percent, as proposed by the ...