U.K. Home Prices Dip as Sellers Rush to Capture Tax Break

(Bloomberg) — Asking prices for U.K. homes slipped this month as owners sought to get sales agreed in time to benefit from a temporary tax cut.



a person walking down a sidewalk in front of a brick building: A pedestrian passes through an arch in front of residential houses in Frome, U.K., on Wednesday, Oct. 7, 2020. U.K. house prices rose at their strongest annual pace since 2016 last month as Britons’ changing work patterns and a tax reduction on purchases fanned a resurgence.


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A pedestrian passes through an arch in front of residential houses in Frome, U.K., on Wednesday, Oct. 7, 2020. U.K. house prices rose at their strongest annual pace since 2016 last month as Britons’ changing work patterns and a tax reduction on purchases fanned a resurgence.

Average advertised prices fell 0.5% from October to 322,025 pounds ($424,000), property website Rightmove said Monday. They are still up 6.3% from a year earlier, the biggest increase in over four years.

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Activity in the market is booming as buyers and sellers look to get transactions completed before the end of a reduction in a levy on home purchases in the spring.

The property website estimates there are 650,000 sales in progress, 67% more

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Beleaguered, Scandal-Ridden Deutsche Bank Calls For A Socialistic Tax Levied Against People Working From Home

Scandal-plagued German-based bank Deutsche Bank, the go-to financial institution for Donald Trump and Jeffrey Epstein, reported that people who are working from home must be taxed.

Deutsche Bank, which paid out over $18 million in fines for alleged violations of securities rules and regulations, commissioned a report that proposes individuals who work from home should be assessed a 5% income tax for this “privilege.” The money from the tax will be redistributed to workers who are not working from home.  

As part of its “Rebuild” report, the German bank rationalizes the extra tax—which will be on top of all of the other taxes levied on people—will end up making things even, since it claims the workers save a considerable amount of money by being at home. Meanwhile, the bank announced roughly 18,000 layoffs and told its employees to work from home. 

 Jim Reid,

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How To Ramp Up The Economic Recovery With A Working From Home Tax

A Deutsche Bank (DB) survey found that after the Covid-19 crisis has passed, remote work will still be part of the new normal. They argue that remote workers should pay a tax for the privilege to help recover the economy. How would this tax impact CFO’s 2021 planning?

The proportion of Americans working from home before the pandemic was only at 5.4%.

During the pandemic, the proportion increased to 56%. As many of these people will continue to work remotely, at least for some time, the research express that “remote workers are contributing less to the infrastructure of the economy while still receiving its benefits.”

Remote workers have gained many benefits during the pandemic, so the researchers estimate a 5% tax for each WFH day (that is around $10 per day for an average salary of $55,000 a year) “would leave the average person no worse off than if

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Deutsche Bank proposes a 5% tax for people still working from home after the pandemic

  • A Deutsche Bank survey found more than half of workers wanted to continue working from home for the 2-3 days a week after the pandemic.
  • According to the Deutsche Bank Research report, a 5% tax rate on those days on the average salary of a remote worker could raise $48 billion a year in the U.S., £6.9 billion in the U.K. and 15.9 billion euros in Germany.
  • This would cover the costs of grants for people who can’t work from home and are on lower incomes.



a person sitting at a table using a laptop


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A research team at Deutsche Bank proposed that people pay a 5% tax for the “privilege” of working from home, if they continue to do so after the pandemic, as this could subsidize income lost by lower-earners due to the coronavirus crisis. 

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Deutsche Bank thematic strategist Luke Templeman said in the investment bank’s Konzept research report, published Tuesday,

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Study Says Employees Who Work from Home Should Pay a New Tax

A new study says that employees who decide to continue working remotely after the pandemic is over should pay a tax to help low-income workers.

According to the study from Deutsche Bank, called “What We Must Do to Rebuild,” employees who work from home quickly collect financial benefits, such as reduced costs for travel, food, and clothing. The report advises that the employer would pay the tax if it doesn’t supply the employee with a permanent desk; otherwise, the employee would be responsible for the tax.

“Our calculations suggest the amounts raised could fund material income subsidies for low-income earners who are unable to work remotely and thus assume more ‘old economy’ and health risks,” Jim Reid, global head of fundamental credit strategy and thematic research at Deutsche Bank, said in the study.

With an average salary of $55,000 and a tax rate of five percent, the Deutsche Bank approximates

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Employees working from home should pay ‘privilege’ tax’ to support workers who cannot, Deutsche Bank research note says

Employees who choose to work remotely should pay a tax to help those workers on low incomes who cannot, said a research note from Deutsche Bank.

CDC urging workers to work from home, but some don’t have that option

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According to the research report titled “What We Must Do to Rebuild,” employees who work from home receive immediate financial benefits, including reduced costs for travel, food and clothing. 

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The report suggests the employer would pay the tax if it does not provide the worker with a permanent desk. Otherwise, the employee would pay the tax.

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“Our calculations suggest the amounts raised could fund material income subsidies for low-income earners who are unable to work remotely and thus assume more ‘old economy’ and health risks,” said Jim Reid, global

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Workers Should Pay 5% ‘Privilege’ Tax To Work From Home After Covid

Topline

As brightening vaccine prospects tease a return to pre-pandemic normalcy and employers map out when and how remote workers return to the office, analysts at Deutsche Bank are proposing a “privilege tax” on post-pandemic work from home to subsidize lost wages for low-income workers. 

Key Facts

Deutsche argues that remote workers contribute less to the economy’s infrastructure while still receiving its benefits, and says that a 5% tax on individuals levied against their wages on days they decide to work remotely would “leave them no worse off than if they had chosen to go into the office.”

As a basis for the argument, the bank says working from home is financially rewarding thanks to “direct financial savings” on expenses such as

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Remote workers should pay a “work from home” tax

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Deutsche Bank is proposing a 5% tax on employees who work from home after the pandemic is over. (Photo: Getty Images)

Employees who choose to work remotely should pay a tax to help those workers on low incomes who cannot, said a research note from Deutsche Bank.

According to the research report titled “What We Must Do to Rebuild,” employees who work from home receive immediate financial benefits, including reduced costs for travel, food and clothing. 

The report suggests the employer would pay the tax if it does not provide the worker with a permanent desk. Otherwise, the employee would pay the tax.

“Our calculations suggest the amounts raised could fund material income subsidies for low-income earners who are unable to work remotely and thus assume more ‘old economy’ and health risks,” said Jim Reid, global head of fundamental credit strategy and thematic research at Deutsche Bank, in

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Tax Assessor-Collector office in Slaton closed for remodeling

The Lubbock County Tax Assessor-Collector office in Slaton will be closed to the public from Nov. 17-29 as the office undergoes remodeling. The facility will reopen Nov. 30.

Those needing services from the office are urged to use their wait-from-home service by making an appointment online at www.lubbockcounty.gov. Search Tax under the Departments drop down) and choose either: • Main Tax – the downtown Main office, 916 Main Street Suite 102 in Lubbock or text 432-741- 3535. The City Bank Tax location requires an appointment and a mas and is located inside the City Bank Branch at 5219 City Bank Parkway in Lubbock. It’s closed daily from 11 a.m. to noon.

Customers may contact the office for the latest information: • Email [email protected] • Phone 806-775-1344 (phone calls will be returned during normal business hours) • Facebook @Lubbock County Tax Office • Twitter @Lubbock_Tax • On-Line www.lubbockcounty.gov, search ‘Tax’

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Staff who work from home after pandemic ‘should pay more tax’

Employees who continue working from home after the pandemic should be taxed for the privilege, with the proceeds used to help lower-paid workers, according to a new report.



a person sitting on a desk: Photograph: MBI/Alamy Stock Photo


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Photograph: MBI/Alamy Stock Photo

Related: Working from home ‘damaging Britain’s creative potential and economic wellbeing’

Economists at Deutsche Bank have proposed making staff pay a 5% tax for each day they choose to work remotely. They argue it would leave the average employee no worse off because of savings made by not commuting and not buying lunch on-the-go and fewer purchases of work clothing. Alternatively, the report suggests the tax could be paid by employers who do not provide their workforce with a permanent desk.



a person sitting in a chair: Economists at Deutsche Bank Research propose making staff pay a 5% tax for each day they choose to work remotely.


© Photograph: MBI/Alamy Stock Photo
Economists at Deutsche Bank Research propose making staff pay a 5% tax for each day they choose to work remotely.

The report from the German lender’s economic

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