The Conservative Cave
Current Events => Breaking News => Topic started by: thundley4 on December 20, 2017, 08:28:58 PM
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Germans fear huge loss of jobs from US tax reform
German investment in the US is expected to rise by €39 billion because of lower US corporate taxes.
While Americans are anxiously awaiting full details of the tax bill now being finalized in Congress, German economists are warning that the changes sought by President Donald Trump mean that significant amounts of new investment and jobs will shift from Europe to the United States.
“The tax competition will have a new dimension,” said Christoph Spengel, chairman of the corporate tax department at the University of Mannheim. Mr. Spengel, who is also a research associate at the Center for European Economic Research, and a group of tax experts at the university have done a detailed comparison of the two countries’ tax systems and published a report under the heading, “Germany loses out in US tax reform.”
Clemens Fuest, who heads the Ifo economic think tank, also said he believed German business would suffer. “Investments and jobs will migrate to the US,” he said.
https://global.handelsblatt.com/politics/germans-fear-huge-loss-of-jobs-from-us-tax-reform-865577
Still not tired of winning. :yahoo:
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And just as they were all tilting Muzzie. TOO BAD. :rotf:
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To the Germans complaining about your businesses investing in America, I have just one word to say....
And?