Deutsche Bank

Business • Economy
Deutsche Bank suggests a 5% tax on remote workers to help the world rebuild from Covid-19
Deutsche Bank suggests a 5% tax on remote workers to help the world rebuild from Covid-19
Credit: Chris Montgomery

In a report called “What we must do to rebuild”, Deutsche Bank suggests slapping a 5% daily tax on people who work from home and using the funds raised to subsidise the lowest-paid workers who are unable to work remotely.

Working from home meant that many people were saving on everyday costs such as travel, lunch, clothes and cleaning, as well as probably spending less on socializing. Subsidizing businesses that had no long-term future in this shift toward "human disconnection" made no sense for governments, Templeman said, but supporting workers who had been "displaced by forces out outside their control". At the same time, they retrain or figure out their next steps did.

Regional News • Americas • United States
Personal banker of Donald Trump and Jared Kushner under investigation by Deutsche Bank
Personal banker of Donald Trump and Jared Kushner under investigation by Deutsche Bank
Credit: Office of Ivanka Trump, Senior Advisor to the President (Public Domain)

A Deutsche Bank spokesperson confirmed that the bank has launched an internal investigation into Rosemary Vrablic, the longtime personal banker of Donald J. Trump and Jared Kushner.

After Ivanka Trump and Jared Kushner declared in a financial disclosure report on Friday that they've received between $1 and $5 million from Bergel 715 in 2019, an investigation has been launched into Rosemary Vrablic. Deutsche Bank is looking to determine if she had acted improperly by buying an apartment from Bergel 715 Associates in 2013 together with two colleagues.

According to the original reporting by the New York Times, neither Vrablic nor her colleagues did know about Kushner having an ownership stake in the company at the time they bought the apartment.