Those working from home should be taxed to help support those whose jobs are under threat, says Deutsche Bank in a new report.
Economists at the bank have said an additional tax of 5% on workers’ salaries should be added to those who opt to work from home.
Such a tax in the UK would generate a pot of £6.9 billion a year, which could be used to pay low-income workers and/or those under threat of redundancy with a grant of £2,000. In the US the tax would raise £36 billion. The 5% WFH tax would equate to around £7 a day based on a salary of £35,000.
Deutsche Bank economist Luke Templeman said: “For years we have needed a tax on remote workers. Covid-19 has just made it obvious.”