Defection sentiment at Deutsche Bank
Tax oppression is gradually pushing him out of Germany The head of Deutsche Bank, Josef Ackermann, yesterday in Frankfurt am Main gave open vent to the dissatisfaction with the tax policy of the Gerhard Schröder government, which has been growing in recent months within the walls of this largest private financial institution in Germany. The immediate reason for the sharp remarks was the fact that at the end of the second quarter, taxes “absorbed” 46% of Deutsche Bank’s profit.