By working from home, people aren't paying for public transport or eating out at restaurants near their places of work, while expensive offices remain virtually empty. "WFH offers direct financial savings on expenses such as travel, lunch, clothes and cleaning," he said. The 5% tax rate "will leave them no worse off than if they had chosen to go into the office".
Translated:
"You're not making the choices we want, so we'll force you to pay to make sure we get the money we expect"
"Wah, wah, our expensive commercial real estate is losing value!"
From what I've heard commercial real estate is crashing in major cities like New York, London, etc. Real estate is largely controlled by people who bought it as an investment, for tax avoidance or money laundering. Basically a best-of of Deutsche Bank. As few businesses can afford their rates anymore these cities are dieing.
It's also tied to how much those banks can loan out. If commercial crashes in those major markets their balance sheets start to look real bad real quick.
So, they finally decide to be honest.
Translated:
"You're not making the choices we want, so we'll force you to pay to make sure we get the money we expect"
"Wah, wah, our expensive commercial real estate is losing value!"
From what I've heard commercial real estate is crashing in major cities like New York, London, etc. Real estate is largely controlled by people who bought it as an investment, for tax avoidance or money laundering. Basically a best-of of Deutsche Bank. As few businesses can afford their rates anymore these cities are dieing.
It's also tied to how much those banks can loan out. If commercial crashes in those major markets their balance sheets start to look real bad real quick.
Their balance sheet already looks like shit. DB has been in the red for quite a while now.