Sigh. More importantly, they're not structured in such a way that they only benefit small and at most medium companies, they apply more or less across the board, which automatically makes the giant megacorps the biggest winners as they can pay the people to figure out how to best exploit this.
If anything, they should have funded tax breaks to small companies on the backs of VW or Vattenfall or Rheinmetall, or ideally their CEOs and stockholders directly. Fleece the ones who do nothing good, nevermind with their money.
this post was submitted on 31 Aug 2023
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Vattenfall? Like the swedish state-owned supplier of hydropower? That Vattenfall?
Corporate taxes typically get passed onto the consumer under the logic if it costs me .5% more to make a product or provide a service then the price will rise by that .5%.
By making the cuts across the board this in theory drops the price of domestic goods which should encourage Germans to buy more locally thus stimulating the economy.
Directed tax cuts might hurt the stimulus so they are aiming wider.
this in theory drops the price of domestic goods
Yeah but that's the specific part where this falls apart.
Except it doesn't? If your competitor drops the price, because the tax break makes that possible while maintaining the same profit margins, then you are likely to do the same in order to not lose sales.
This happens. 👍 I'm sure of it! Trust the markets, everybody!!!! 💰
Tax increases are passed on to the people. Tax cuts are passed on to the wealthy. I'm American so I should know.
People are already paying for these costs increase, so the companies will pocket the tax cut and tout their record profits.
As we've seen after the pandemic when the inflation was soaring, companies rose their prices to keep their margin as they were instead of taking a hit on their profit.
Under the current state of capitalism, if a company isn't making the maximum profit, that company is failing.
If the company could make up for the change in price with an increase in volume they could drop the price. If a competitor drops the price they will likely drop the price at least in theory.
People are already paying for these costs increase, so the companies will pocket the tax cut and tout their record profits.
As we've seen after the pandemic when the inflation was soaring, companies rose their prices to keep their margin as they were instead of taking a hit on their profit.
Under the current state of capitalism, if a company isn't making the maximum profit, that company is failing.
Here we go again. Germany is about to get fucked by corporations like the US.
Why always fucking corporate tax cuts? How about people tax cuts? You know, when people have more money, they spend more. Thus giving more money to the corporates as well.
You'll be taxed 40% and you'll be happy about it.
I mean, I'm already taxed 15% on income tax, another 11% on social and health security, then whenever I buy anything, 21% of the price is tax (so if I spend all my income every month, it was basically another 21% of income tax). Petrol has another tax extra (don't know how much). When I bought a piece of land I paid another 4% as a tax (and I still had to pay for all administrative tasks like changing the owner in the registry). And I pay tax for owning the land every year. I'm pretty sure I forgot some tax.
I think I'm well over 40%. Not quite happy about it, though.
:Looks at massive increase in consumer spending due to Covid Stimulus and College loan payment moratorium.:
Lets do that trickle down shit again, it’s gotta work this time.
Why would the corporations bribe the legislature to pass a law that benefits people, or helps the economy? They just want to hoard their wealth. Okay?
No Germany! You’ve been doing so well!
They just like to put out the perception that they're better, really Germany is a shit show too
"Too" as in like the US?
A lot of politics and media are importing american ways of communicating and fearmongering.
Not everyone here is American
Neither am I. That's why I used the word importing.
We really weren’t.
“Well” is a relative term 🤷🏻♂️
It didn't work for America, but okay
Wdym? It can trickle down any minute now, you just gotta be patient
Every corporate tax cut is a duck you too small business.
And it doesn't do shit to stimulate the economy. They just buy back all their own stock, hoard their money, and pay people off anyways, while raising their prices. We already saw this whole thing play out multiple times already.
Another dump on the pile of shit that this country is becoming
This is coming from Scholz?? The leader of the SPD??? Sounds like someone got paid.
This is the best summary I could come up with:
While Germany's coalition parties have hesitated over the extent of the country's tax cuts, the economy has remained static.
The conflict has seen German energy prices surge, after Berlin's reliance on Moscow for gas was brought to a halt.
"We'll discuss how to achieve a big boost," Chancellor Olaf Scholz said at the start of a two-day cabinet retreat at Schloss Meseberg, a baroque castle outside Berlin.
The tax cuts are part of a 10-point program and intended to kickstart economic growth whilst making sure companies made the decision to invest in Germany, Scholz said.
The plan includes a premium for energy-saving investments, as well as rule changes to make it easier for companies to write off losses.
As Germany boosts spending, some critics fear that without a new European Union green fund, only larger economies with more fiscal power will be able to push ahead with national subsidies, leaving smaller countries behind.
The original article contains 282 words, the summary contains 144 words. Saved 49%. I'm a bot and I'm open source!
It looks like Germany is evangelizing the gospel of Supply Side Jesus: https://www.beliefnet.com/news/2003/09/the-gospel-of-supply-side-jesus.aspx