Siemens criticism: Germany as an investment location increasingly unattractive

Siemens criticism: Germany as an investment location increasingly unattractive

A depressing bang from Berlin: The Global Head of Tax by Siemens, Christian Kaeser, made it clear in a heated hearing from the Bundestag finance committee that the future of investments in Germany looks dark. "There is actually nothing that speaks to invest in Germany," Kaeser let the worries of the economy hear loud and unadorned. The country suffers from high bureaucracy and a stubborn tax system that is anything but competitive in international comparison.

The tragedy of the Situation? While Siemens is ready to invest capital, the company simply does not see any growth in Germany - a location that is considered unattractive. The Siemens managers' admissions underline the urgent demands for a comprehensive tax reform. CDU and CSU are already pushing for tax cuts and simplifications, but experts warn that bureaucracy is the real obstacle. "The amount of taxes is only one component," confirms Deborah Schanz from the Ludwig Maximilians University in Munich and clarifies the urgency of a fundamental modernization of tax law in the context of the German economy. The question remains: How long can Germany afford to linger in this stagnating situation? More information can be found on www.merkur.de .