inside business

Is Deutsche Bank right to call for a tax on working from home?

Before you grab your pitchforks and join an angry mob, we should at least consider the pros and cons of a 5 per cent tax for homeworkers, James Moore writes

Wednesday 11 November 2020 17:44
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<p>Some argue the money raised should be used to help those disrupted out of jobs by the move from offices to homeworking</p>

Some argue the money raised should be used to help those disrupted out of jobs by the move from offices to homeworking

Deutsche Bank proposing a 5 per cent tax on working from home?

Barely had I read the headline and there was coffee all over my desk. Haven’t these (expletive deleted) bankers inflicted enough pain? Apparently not.

“Those who can work from home receive direct and indirect financial benefits and they should be taxed in order to smooth the transition process for those who have been suddenly displaced,” Luke Templeman provocatively declared in the latest edition of the bank’s Konzept publication, which is dedicated to post-pandemic rebuilding.

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