Economic aid because of Corona: the crisis in The crisis

the Leading Economists recommend guides for retailers and Restaurants that come because of the Corona Virus in distress. it comes with A baggage trolley at th

Economic aid because of Corona: the crisis in The crisis

the Leading Economists recommend guides for retailers and Restaurants that come because of the Corona Virus in distress.

it comes with A baggage trolley at the airport Cologne Bonn, where due to the Coronavirus to flight cancellations. Photo: Christoph hardt/Future Image/imago

BERLIN taz | this Friday to announce the Finance Minister, Olaf Scholz, and the economy Minister, Peter Altmaier, if the local companies get more financial support. For example, Restaurants, Hotels and retailers, the sales they lose in an existential crisis, because customers stay away.

so Far, the government has referred to the existing programmes of the public KfW Bank group, the non-performing commercial loans.

would That possibly also subsidies are considered, the gifts of Economists to consider on Wednesday. Among others, Peter Bofinger (University of Würzburg), Clemens Fuest (ifo Institute) and Beatrice Weder di Mauro (CEPR) write in a joint paper: "As the last option would be to keep in mind that the state holds equity in the company."

As a short-term support, they recommended that hours of advance payments of income-tax, corporate tax and VAT paid by the company to the tax offices, free of interest to. This could help endangered companies to avoid insolvency.

Date Of Update: 11 March 2020, 17:00

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