Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Germany’

Obergrenze für Managergehälter in Deutschland rückt näher

Posted by hkarner - 20. Februar 2017

In Deutschland bahnt sich eine steuerliche Begrenzung von Managergehältern an.

Die Union ist bereit, gemeinsam mit dem Koalitionspartner SPD die  Absetzbarkeit hoher Managergehälter einzugrenzen. Der deutsche Kanzleramtsminister Peter Altmaier (CDU) sagte der „Bild am Sonntag“, für diesen Weg gebe es in der CDU viel Sympathie.

„Ich halte das für richtig und denke, dass wir da zu einem parteiübergreifenden Konsens kommen werden“, wird Altermaier zitiert. Niemand verstehe, wenn die Bezahlung von Managern „exorbitante Größenordnungen“ erreiche und mit der persönlichen Leistung kaum noch etwas zutun habe. Altmaier zeigte sich offen, die Steuervorteile nicht nur für DAX-Vorstände, sondern auch für Profi-Fußballer einzuschränken. Gehälter sind als Betriebsausgaben beim deutschen Fiskus steuerlich absetzbar. Den Rest des Beitrags lesen »

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Germany-IMF Staredown on Greece: The Election Calculus

Posted by hkarner - 14. Februar 2017

Posted on February 13, 2017 by Yves Smith

The next big round of extend and pretend for Greece isn’t set to take place until July, yet serious jockeying between the key actors, the IMF versus the European countries acting as lenders, is underway now. Why? The politicians and Eurocrats are keen to get a deal, at least in general terms, agreed now so as to keep Greece out of the headlines as much as possible for an upcoming series of European elections.

Of course, the European view of “getting to a deal” means knuckling the IMF into joining a new round of financing. As we’ve discussed since 2015, the Fund’s staff has been in open revolt, and has leaked important internal documents to the press more than once, making clear the agency’s view that Greek debts are not sustainable (note that these leaks may have been sanctioned at a more senior level). By the Fund’s own rules, that means it cannot provide additional loans. The latest Financial Sustainability Report reached the same conclusion, although it did uncharacteristically say that some fund directors (as in board members) did not agree with that view.

If the IMF does not provide more dough, the consequences are serious, as we’ve stressed and Wolfgang Munchau underscores in a comment at the Financial Times: Den Rest des Beitrags lesen »

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Aufgetrumpft: Der Neoliberalismus schlägt zurück

Posted by hkarner - 9. Februar 2017

Kommentar | 07.02.2017
Von Heiner Flassbeck, MakroskopFlassbeck Video 2

Was dieser Tage in den USA passiert, ist starker Tobak. Trump schlägt wild um sich. Doch der Neoliberalismus steht ihm kaum nach. Beim Handelsstreit bellen die getroffenen Hunde besonders laut.

Pro-Amerikanismus sieht anders aus. Wer glaubte, in Europa folge man immer treu und brav dem, was in Amerika vorgemacht wird, sieht sich dieser Tage eines Besseren belehrt. Die Anti-Trump-Bewegung ist umfassend und lässt kaum ein Extrem, kein Medium und kaum eine politische Richtung aus. Was bei dem allgemeinen Trump-Bashing untergeht: Mit dem Einschlagen der „Liberalen“ auf alles und jedes, was der amerikanische Präsident macht, werden bewusst auch solche Positionen mit erschlagen, über die es lohnen würde, einen Moment nachzudenken.

Wohlgemerkt, uns geht es nicht darum, in allgemeiner und umfassender Weise Stellung für Donald Trump zu nehmen. Nichts liegt uns ferner. Der Mann trifft irre Entscheidungen, etwa in Sachen Mexiko, Einreise von Muslimen, Finanzmärkten, Gesundheitswesen und Ökologie. Er wird vermutlich noch viel mehr irre Entscheidungen treffen und auch wir hoffen, dass die amerikanische Gesellschaft und die Institutionen in der Lage sind, diesen Präsidenten einzuhegen, bevor er großen Schaden anrichtet. Den Rest des Beitrags lesen »

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German Automakers Step Up to Silicon Valley Challenge

Posted by hkarner - 9. Februar 2017

Date: 08-02-2017
Source: The New York Times

WOLFSBURG, Germany — One of the first things Ole Harms did after taking over Volkswagen’s new ride-hailing start-up was leave town.

Staid Wolfsburg, Volkswagen’s home, was not the best place for the automaker to mount a defense against Silicon Valley challengers keen to upend the car industry, and he needed to move.

“Nobody knows how the world is going to look” in the coming years, said Mr. Harms, a bearded 41-year-old dressed in a gray cardigan over a crisply pressed white shirt. “The biggest skill you have to have is the ability to change.”

So he packed up and took his team to new digs in Berlin, where increasingly urgent attempts to tap into a growing tech scene are part of German carmakers’ efforts to ride a digital wave sweeping the industry — before it rolls straight over them.

Autonomous driving, electric cars and ride-hailing apps from Silicon Valley, like Uber, are reshaping transportation. Young people no longer feel as compelled as previous generations to own cars. And Wall Street shows scant respect for automakers and their global manufacturing prowess: The market value of Google, which is building a driverless car, is more than double that of BMW, Daimler and Volkswagen combined. Den Rest des Beitrags lesen »

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Weidmann kontert US-Vorwurf der Währungsmanipulation

Posted by hkarner - 7. Februar 2017

Die Anschuldigungen, Deutschland beute andere Länder mit unterbewerteter Währung aus, seien „mehr als abwegig“, weist der deutsche Bundesbank-Chef zurück.

Der Präsident der Deutschen Bundesbank, Jens Weidmann, hat Vorwürfe der Wechselkursmanipulation aus den USA scharf zurückgewiesen. „Der Vorwurf, Deutschland beute die USA und andere Länder mit einer unterbewerteten Währung aus, ist mehr als abwegig“, sagte Weidmann laut Redetext am Dienstag in Mainz. Der allerjüngste Dollaranstieg dürfte vielmehr hausgemacht sein, ausgelöst durch politische Ankündigungen der neuen US-Regierung unter Präsident Donald Trump.

Deutsche Unternehmen sind Weidmann zufolge vor allem deshalb so erfolgreich, „weil sie hervorragend auf den Weltmärkten positioniert sind und mit innovativen Produkten überzeugen“. Als sehr beunruhigend bezeichnete der Bundesbank-Chef die protektionistische Rhetorik der neuen US-Administration, „zumal Deutschland zunehmend ins Visier der amerikanischen Regierung gerät.“  Den Rest des Beitrags lesen »

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Trump as Nero

Posted by hkarner - 6. Februar 2017

Date: 05-02-2017
Source: DER SPIEGEL Editorial By Klaus Brinkbäumer

Europe Must Defend Itself Against A Dangerous President

The United States president is becoming a danger to the world. It is time for Germany and Europe to prepare their political and economic defenses.

Is the United States turning its back on liberty?

There are times in life that really do count. Times when a person’s character is revealed, when the important is separated from the unimportant. Soon decisions are taken that will determine the further path a person takes. With some, this can be tragic, and the moment comes too soon in their youth at a time when they aren’t mature enough yet to foresee all the potential consequences. They make the decisions cheerfully and they lead to either luck or bad luck. But countries and governments are seldom as innocent when it comes to their decisions.

That’s the kind of situation now approaching. The people who will soon have to decide are already grown up. They now have to start preparing, even if it will be painful.

Germany must stand up in opposition to the 45th president of the United States and his government. That’s difficult enough already for two reasons: Because it is from the Americans that we obtained our liberal democracy in the first place; and because it is unclear how the brute and choleric man on the other side will react to diplomatic pressure. The fact that opposition to the American government can only succeed when mounted together with Asian and African partners — and no doubt with our partners in Europe, with the EU — doesn’t make the situation any easier. Den Rest des Beitrags lesen »

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Immigrants are bringing entrepreneurial flair to Germany

Posted by hkarner - 5. Februar 2017

Date: 04-02-2017
Source: The Economist

While native Germans are growing less eager to start businesses, new arrivals are ever more so

GERMANS are famous for hard work and efficiency, but not necessarily for entrepreneurialism. They are less likely to start a new business than Americans, Swedes or even the French (see chart). But the country’s recent wave of immigration appears to be giving its startup rate a boost. In 2015, 44% of newly registered businesses in Germany were founded by people with foreign passports, up from just 13% in 2003. In all, about one-fifth of those engaged in entrepreneurial activity were born abroad.

entrepreneurial-activityThat is likely to grow with the arrival of over a million refugees in the past two years. The number of self-employed people with a Middle Eastern background rose by almost two-thirds between 2005 and 2014, according to René Leicht and Stefan Berwing, researchers at the University of Mannheim. “There has been a marked increase in founding activity by people from Syria, Iraq and Afghanistan,” says Maik Leonhardt of IHK Berlin, an association of small and medium enterprises.

Some refugees come to Germany already dreaming of running their own firm. Iyad Slik’s family has a confectionery company in Syria, and when he arrived in Berlin three years ago he set out to recreate it. “We broke even for the first time last year,” says Mr Slik. His mission to convert Germans to eating candied fruit and nougat squares stuffed with Syrian pistachios is succeeding: he already counts KaDeWe, a high-end department store, and the glitzy Hotel Adlon among his clients.

Others become entrepreneurs by default. Hussein Shaker, a computer programmer, did not plan to set up a business when he came to Germany: “I just wanted a job in tech.” Stuck in a call centre, Mr Shaker realised that he was not the only one among his Syrian friends working beneath their qualifications. Together with partners from Berlin’s startup scene, he set up a website for refugees, MigrantHire, which currently matches 13,000 job-seekers with about 2,000 open positions. Den Rest des Beitrags lesen »

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GERMAN MINISTER TO VISIT U.S. AMID GROWING TENSIONS

Posted by hkarner - 2. Februar 2017

Date: 02-02-2017
Source: NewsWeek

Pressed to comment about Trump’s attacks on Germany’s migrant and trade policies, and the euro, Seibert told a regular government news conference: „We are at the very beginning of the cooperation with a new American government.“

Merkel defends open-door refugee policy, says Islamist terrorism is Germany’s greatest threat

Foreign Minister Sigmar Gabriel on Wednesday announced plans to visit Washington and shore up ties with Germany’s closest ally outside Europe, days after a key aide to U.S. President Donald Trump launched fresh attacks on Berlin’s policies.

Gabriel said he looked forward to a „good, open and friendly“ dialogue with Rex Tillerson, confirmed as Trump’s secretary of State on Wednesday by the U.S. Senate, and said Germany was seeking answers about the new U.S. administration’s foreign policies, its relationship to the NATO alliance and other key issues. Den Rest des Beitrags lesen »

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