8 ms·

I can speak about Italy right now: we should (they are still debating) froze employment tax, consider that as an employer for each 1$ i give to my employee I pa

I can speak about Italy right now: we should (they are still debating) froze employment tax, consider that as an employer for each 1$ i give to my employee I pay roughly 0.60/0.80 in tax, this means i am cutting my costs of 60/80%. We have frozen any mortgage or installment for business and individuals. Obviously this would not be a long term procedure but even if it holds for 5-6 months this gives a lot of possibility to invest. About rent i can give you my experience: Most landlords here are boomers who don't need rent money so they prefer to keep prices high rather than rent for lower fares. I am confident those boomers will start panicking and lower rent.

bwb 7y ago
Thanks for sharing, sending good thoughts to Italy and hopefully it starts leveling off in 10 days or so. I live in Spain (but I am American). Everyone here is on the first day of lockdown and in high spirits. In the USA the payroll tax is around 20%, so that isn't going to do as much if they pass that through to employees (esp as people employed are less a worry). Better to help on unemployment as the service industry is all going to get fired shortly if not already in the USA. The problem in the USA is unemployment is the pay is not based on your salary but maxes at 790 a week / 2800 a month. And it scales all the way down to a minimum of $188. Even worse tips don't count against insured wages.