We all agree that whether we work at home or in an office, we need roads. There are many other government services that we need (although many of us will debate what those are, so we’ll stick to roads here). But, when you have your employees work from home, what happens?
Well, they drive less. Yay! They spend less money on clothes. Yay! They spend less money on restaurant meals! Yay! You spend less money on office space. Yay! It sounds like a winning situation–for everyone but the government (fewer gas taxes), clothing stores (fewer business-appropriate outfits), and restaurants (fewer customers).
Deutsche Bank has a solution: More taxes for the work-at-home crowd. They propose that if your company doesn’t have office space available for employees, the company has to pay a tax to support businesses, such as restaurants, that have really taken a hit during Covid. If you provide a working space for your employees and choose to work from home, they pay the tax directly.
To keep reading, click here: Working From Home Can Save You Money. Should Your Taxes Go Up?