1. 23.11.2020 · ZEW (lfi/tbl/csp/sel)
    Research
    Taxes | Tax burden | Enterprise | Coronavirus

    The Second Coronavirus Tax Assistance Act (“Zweites Corona-Steuerhilfegesetz”) is not ambitious enough to cushion the effects of the crisis. In the way the measures are currently designed, particularly small companies benefit little from the tax reliefs. Relative to the severity of the crisis, the measures are, overall, too soft and not innovative enough. These are the results of a study conducted by a team of researchers at ZEW Mannheim and the University of Mannheim, which was published in the journal “Der Betrieb”. “With the Second Coronavirus Tax Assistance Act, legislators will achieve a fast, but rather modest boost,” concludes ZEW Research Associate Professor Christoph Spengel, who holds the Chair of Business Administration and Taxation II at the University of Mannheim. “The measures fall short of what is necessary to address the severity of the crisis. The coronavirus crisis is hitting the German economy harder than the financial crisis did. It would therefore be appropriate to introduce more far-reaching measures.”

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  2. 20.11.2020 · ZEW (fhe/deg)
    Comment
    Coronavirus | Community Law | EU Presidency | Rule of law

    Hungary and Poland vetoed the EU’s 1.8 trillion euro budget plan for the years 2021 to 2027. The bone of contention has been a new mechanism under which Member States can lose EU funds for violating the rule of law. Professor Friedrich Heinemann, head of the Research Department “Corporate Taxation and Public Finance” at ZEW Mannheim, comments on this matter.

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  3. 19.11.2020 · ZEW (msc/jrr/fbr/sel)
    ZEW Indicator of Economic Sentiment
    ZEW Indicator of Economic Sentiment | Business survey | Cyclical indicator | Business cycle research | Germany | Europe

    In 2021, the ZEW Indicator of Economic Sentiment will be released on the following dates at 11:05 a.m. Frankfurt Time.

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  4. 17.11.2020 · ZEW (msc/sel)
    China Economic Panel
    China Economic Panel | China | Greater China | Cyclical indicator | Short-term forecast
     The CEP indicator rose again in the November survey by 5.0 points to a record value of 55.0 points.

    In the November survey (3­–11 November 2020), the CEP indicator recorded a further increase, climbing 5.0 points to a new record high of 55.0 points. The CEP indicator, based on the China Economic Panel (CEP) in cooperation with Fudan University, Shanghai, reflects the economic expectations of international financial market experts for China on a 12-month basis.

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  5. 16.11.2020 · ZEW (der/sel)
    Information Economy
    Information Services | Digitisation | ZEW ICT Survey | Enterprise | Coronavirus

    Many firms have made progress with regard to the digitalisation of their products and services, their business processes and the way of working over the course of the coronavirus pandemic. Around 40 per cent of companies in the business-related services sector and approximately 25 per cent of businesses in the manufacturing industry stated to have seen a surge in digitalisation. Meanwhile, the turnover of these businesses often remains – sometimes significantly – below pre-crisis levels. These are the results of a representative survey conducted by ZEW Mannheim in September 2020 among approximately 1,400 companies in the information economy and manufacturing industry.

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  6. 13.11.2020 · ZEW (ibe/sel)
    Research
    ICT | Digitisation | Sectoral development | Germany

    In 2019, the information and communications technology (ICT) sector generated sales of almost 281 billion euros, thus growing for the sixth consecutive year. Gross value added and capital expenditure also reached new record levels: for the first time, the sector generated added value of over 120 billion euros and invested more than 20 billion euros. This is also reflected in the number of employees that are subject to social insurance contributions and self-employed individuals in the ICT sector, which rose to around 1.28 million in 2019. This represents an increase of around 43,000 jobs compared to the previous year. In 2019, the ICT sector generated around 5.1 per cent of the value added of the entire commercial economy, which is attributable almost exclusively to ICT service providers. Their gross value added has been growing continuously since 2010 and amounted to 107 billion euros in 2019. However, the gross value added of the ICT hardware segment also increased year-on-year from 13 to 14 billion euros.

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  7. 12.11.2020 · ZEW (fhe)
    Comment
    Public Budget | Tax revenue estimation | Germany | Tax Policy
    ZEW-Ökono ZEW-economist Friedrich Heinemann comments that the entire next legislative period will be marked by greatly reduced revenues and a sharp increase in public debt. m Friedrich Heinemann kommentiert, dass die komplette nächste Legislaturperiode unter den Vorzeichen stark geminderter Einnahmen und einer sprunghaft ansteigenden Staatsverschuldung steht.

    The German Federal Ministry of Finance’s Working Party on Tax Revenue Estimates has presented its new forecasts to the government authorities at federal, state and municipal levels. The forecasts confirm that tax revenues will fall significantly in the current year and the following years. Professor Friedrich Heinemann, head of the Research Department “Corporate Taxation and Public Finance” at ZEW Mannheim, comments on this matter:

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  8. 11.11.2020 · ZEW (cra/deg)
    Research
    Innovation | Chemical Industry | Enterprise | Chemistry | Climate protection | Sustainability
    With its innovations, the chemical industry can make a significant contribution to climate protection and the sustainable transformation of the economy and society.

    The chemical industry can contribute considerably to climate change mitigation and the sustainable transformation of the economy and society through its innovations. This is the result of a study jointly conducted by the Centre for Economic Policy Studies (CWS) at Leibniz University Hannover and ZEW Mannheim, on behalf of the German Chemical Industry Association (VCI).

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  9. 11.11.2020 · ZEW (fhe)
    Comment
    Public Budget | European Commission | EU Parliament | European Integration and EU Policy
    [Translate to English:] Friedrich Heinemann über den Neuansatz der leyen-Kommission

    The European Parliament and the Council have agreed on the EU budget for the time frame 2021 until 2027. The Parliament was able to make small amendments, with slightly increased budgets in research, health, border management and the Erasmus programme. The agreement also means that the penultimate obstacle for the EU’s coronavirus recovery plan has been cleared. The only remaining task is to get all 27 Member States of the EU to agree on the budget, although there is a certain degree of uncertainty from Hungary. The Member State has criticised the fact that future allocations of the EU budget may be stopped on the grounds of violations of the rule of law. Professor Friedrich Heinemann, head of the Research Department “Corporate Taxation and Public Finance” at ZEW Mannheim, gives the following assessment of the agreement:

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  10. 10.11.2020 · ZEW (msc/fbr/jrr/sel)
    ZEW Indicator of Economic Sentiment
    ZEW Indicator of Economic Sentiment | Cyclical indicator | Short-term forecast | Business survey | Business cycle research | Germany | Europe
    The ZEW Indicator of Economic Sentiment for Germany declined to a new reading of 39 points.

    The ZEW Indicator of Economic Sentiment for Germany has once again taken a sharp decline in the current November 2020 survey, plummeting 17.1 points to a new reading of 39.0 points compared to the previous month. Having achieved a temporary high of 77.4 points in September 2020, expectations have since fallen by 38.4 points. The assessment of the economic situation in Germany has slightly worsened, and currently stands at minus 64.3 points, 4.8 points lower than in October.

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