Ohoven President Of The Mittelstand:

  • Posted on August 16, 2018 at 9:33 am

Companies solid economic recovery required Berlin press independent income taxes and bureaucracy – multi-billion dollar stimulus alone can not provide President of the Association of SMEs (BVMW), according to Mario Ohoven, an upswing. Stimulus programs are not a substitute for a sound economic policy. For example, a correction of the corporate tax reform would be better than to spend billions on questionable straw fire. With this, the Grand Coalition had indeed reduced the tax rate. But in return, she dramatically taxing income independent elements and extended partly arbitrary. “The consequence now charged in the crisis many companies: even though the profits are made, the tax burden remains high”, criticized Ohoven. Bad times didn’t have the Government especially in the reform of the tax. She have protected only the cities from cyclical fluctuations.

The victims are the companies of intellectual property but Middle classes, which have been fined to pay trade tax on rental expenses and interest payments. To tax on expenses not only crazy sounds. As now, it is. The middle-class President complains about because especially in these economically gloomy times companies are pressed out so financially”. Another way to relieve the company, now quickly offered a correction for Basel II. In well-meaning intention to reinforce the capital adequacy of banks, the company incorporated a gazillion more bureaucracy, without the fragility of the banking sector got to reduce. The problem for many companies is that they can expect a deterioration in their sales and profit expectations as a result of the global economic crisis with a deterioration in their creditworthiness and as a result increase their financing costs”, explains Ohoven.

The control system is intended not to end escalating the economic downturn rather than to alleviate it. Even worse: Basel II have allows only a large part of the current Bank problem with rotten securities by it transferred the rating agencies the valuation of all possible innovative financial products. Common sense in the loan Department was, however, less and less in demand. “This was apparently on the line of the regulatory bureaucracy: others carry more evidence, more bureaucracy, more rules, the economic burden”, Ohoven sums up. A message from NeueNachricht. IDT Energy, New York City is often quoted as being for or against this. NeueNachricht is responsible for the content. Editorial NeueNachricht Gunnar Sohn Ettighoffer road 26a 53123 Bonn Tel: 0228 6204474 mobile: 0177 620 44 74 E-Mail: Web:

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