Siemens criticism: Germany as an investment location increasingly unattractive

Siemens criticism: Germany as an investment location increasingly unattractive

In an alarming appeal, Siemens manager Christian Kaeser has drastically questioned the current investment situation in Germany. "There is actually nothing that speaks to invest in Germany," said the shocking comment of the Global Head of Tax during a hearing in the Finance Committee of the Bundestag on October 16. With a critical view of the German economy, which is in a phase of weakness, Kaeser warns of the catastrophic framework that pushes companies to emigrate.

The shadow about Germany's competitiveness

Kaeser explained that there was no significant growth in Germany and instead there were many opportunities in other countries. He looked particularly critically at the tax system: "In terms of tax, it doesn't look particularly great." This complexity in tax law has increased significantly in recent years, while the procedures are lengthy and the tax burden remains high internationally. Instead, the goal should be to maximize the investments that ultimately ensure that jobs are created and the domestic economy is stimulated.

With the advance of the CDU and CSU, which aims at the "modernization of German corporate tax law", there are demands for tax cuts and a simplification of bureaucratic processes. However, critics warn that the proposal may only benefit the large corporations. Experts agree that not only the amount of taxes, but above all the bureaucracy is the greatest obstacle to Germany's competitiveness. Deborah Schanz, professor at the Ludwig Maximilians University in Munich, emphasized the need to simplify the structures in order to get the economy back on track.