• Carighan Maconar@lemmy.world
    link
    fedilink
    English
    arrow-up
    61
    arrow-down
    1
    ·
    1 year ago

    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.

    • Pelicanen@sopuli.xyz
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      1
      ·
      1 year ago

      Vattenfall? Like the swedish state-owned supplier of hydropower? That Vattenfall?

    • gowan@reddthat.com
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      7
      ·
      1 year ago

      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.

        • gowan@reddthat.com
          link
          fedilink
          English
          arrow-up
          2
          arrow-down
          5
          ·
          1 year ago

          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.

      • Croquette@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        6
        ·
        1 year ago

        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.

        • gowan@reddthat.com
          link
          fedilink
          English
          arrow-up
          1
          ·
          1 year ago

          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.

      • Croquette@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 year ago

        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.

  • Rikudou_Sage@lemmings.world
    link
    fedilink
    English
    arrow-up
    41
    arrow-down
    1
    ·
    1 year ago

    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.

    • Dead_or_Alive@lemmy.world
      link
      fedilink
      English
      arrow-up
      12
      ·
      1 year ago

      :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.

      • Rikudou_Sage@lemmings.world
        link
        fedilink
        English
        arrow-up
        9
        ·
        1 year ago

        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.

    • SokathHisEyesOpen@lemmy.ml
      link
      fedilink
      English
      arrow-up
      2
      ·
      1 year ago

      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?

    • Aux@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      arrow-down
      2
      ·
      1 year ago

      When people have more money and spend more money we have inflation. Didn’t you have enough inflation already?

    • gowan@reddthat.com
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      10
      ·
      1 year ago

      Corporate taxes are almost always passed onto the consumer so things like this should make domestic goods cheaper thus helping people.

    • SokathHisEyesOpen@lemmy.ml
      link
      fedilink
      English
      arrow-up
      11
      ·
      1 year ago

      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.

  • Jumi@lemmy.world
    link
    fedilink
    English
    arrow-up
    13
    arrow-down
    2
    ·
    1 year ago

    Another dump on the pile of shit that this country is becoming

  • AutoTL;DR@lemmings.worldB
    link
    fedilink
    English
    arrow-up
    5
    arrow-down
    1
    ·
    1 year ago

    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!