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Post-COVID, Remote Working Employees Should Pay Privilege Tax: Deutsche Bank

Post-COVID, Remote Working Employees Should Pay Privilege Tax: Deutsche Bank

Deutsche Bank Research says that workers who choose to work from home when the pandemic restrictions lift should pay a tax of 5 per cent of their salary.

 

The income thus generated should be used to pay people who cannot work from home.

 

The bank says that this system could earn $48bn (£36bn) if enforced in the US. It further argues that the tax would be just because people opting to work remotely would be saving money as opposed to those who go out to work.

 

Deutsche Bank says the tax would generate around £6.9bn a year in the UK, which could be utilised to offer grants of £2,000 per annum to low-income workers or those who may lose jobs.

 

Deutsche Bank strategist Luke Templeman wrote, “For years we have needed a tax on remote workers. 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.”

 

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