DHL Express shifting base from Bonn to Schkeuditz, Saxony: potential minor tax changes incurred
DHL Corporation, a global leader in logistics, has made a significant move by relocating the legal headquarters of its subsidiary DHL Express to Schkeuditz, Saxony. This decision is part of DHL Group's Investment of Choice strategy, aiming to align its legal structures with its management structure.
The operational units of DHL Express have long been based at Leipzig/Halle Airport, but the change will take effect on January 1, 2025. The DHL Group's board of directors believes this move will simplify the organisation of its investments.
The city of Schkeuditz is reviewing its financial plan based on this new information, and the city administration expects any impact on the city's business tax revenues to be minimal. This expectation is based on common municipal finance principles, which suggest that relocating a major corporate legal headquarters to a city typically increases that city's business tax revenues due to the company's taxable presence and potential increased local economic activity.
However, without specific data or statements about Schkeuditz and DHL in the available sources, the exact impact cannot be quantified or confirmed. For detailed and current financial impact data, it would be best to consult local government fiscal reports, official statements from DHL, or business tax authorities of Schkeuditz.
The city leadership and administration maintain a continuous and constructive dialogue with DHL Group. This dialogue concerns the current developments at DHL Express and the long-term securing and development of the Bonn location. The city of Bonn will continue to intensify its dialogue with companies and interest groups to jointly develop the strong economic location of Bonn.
In conclusion, while the exact financial impact of DHL Express's move to Schkeuditz remains to be seen, it is clear that the city is prepared to engage in constructive dialogue with DHL Group to ensure the continued growth and development of both locations.
The DHL Group's board of directors anticipates that the move of DHL Express's legal headquarters to Schkeuditz will simplify the organization of its investments, as the city's financial plan is being review based on this new business decision. The city administration also expects a minimal impact on the city's business tax revenues due to common municipal finance principles that suggest such relocations typically increase city revenues.
