German Chancellor Gerhard Schröder has come under fire for saying that German corporate heads are failing to create new jobs in spite of business-friendly reforms initiated by his government.
Christine Scheel, finance policy expert of Schröder's junior coalition partners in the government, the Greens, said the chancellor should match his words with deeds now. It can no longer be tolerated she said that German companies, for example, can even write off against taxes the costs associated with moving jobs abroad.
"I don't think that such behavior is alright," she said. "It's become a really big problem that companies have moved jobs abroad. The fact that this is even fostered by tax write-offs is something no-one can understand."
Schröder, who used to be dubbed "Darling of the Bosses," now feels let down and betrayed by corporate leaders: A recent survey of the top 30 German corporations reveals that they eliminated a total of 35,000 jobs in Germany last year alone. At the same time more than 9,000 jobs have been created at their foreign subsidiaries.
http://www.dw-world.de/dw/article/0,1564,1534424,00.htmlSounds familiar.