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taxation Tax data from Dubai now going to the Länder
At the Federal Ministry of Finance’s behest, the Federal Central Tax Office (Bundeszentralamt für Steuern) has purchased data for the purpose of detecting international tax crimes. This is the first time that the Federal Central Tax Office has independently purchased data that will have a material impact on the taxation process.
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taxation Why we need a global corporate minimum tax
Arturo Herrera Gutiérrez is Mexico’s finance minister. Tito Mboweni is South Africa’s finance minister. Olaf Scholz is Germany’s vice-chancellor and minister of finance. Janet L. Yellen is secretary of the U.S. Treasury.
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Internationales/Finanzmarkt [EN] G7 finance ministers meeting in London on 4–5 June
The latest meeting of G7 finance ministers and central bank governors took place in London on 4–5 June, with a focus on “Build Back Better”. This was the first in-person Finance Track meeting under the UK’s G7 presidency.
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Financial markets An opportunity we can’t afford to miss
Guest contribution by Nadia Calviño, Daniele Franco, Bruno Le Maire and Olaf Scholz
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Public Finances Provisions relating to compensation for National Socialist injustice
Almost immediately after the end of the Second World War, it became clear that compensation needed to be provided to those who had suffered damage as a result of National Socialist injustice. Those who had suffered oppression due to their political opposition to National Socialism or on the grounds of race, religion or ideology were particularly affected.
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esrb-bericht ESRB – second report on low interest rate environment
The European Systemic Risk Board (ESRB) has published a second report on macroprudential policy issues arising from the low interest rate environment in the financial system of the European Union (EU). Looking beyond recent cyclical developments, the coronavirus (COVID-19) shock may have increased the likelihood and persistence of a “low for long” scenario.
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afs-bericht Eighth Financial Stability Committee report to the Bundestag
The Financial Stability Committee (Ausschuss für Finanzstabilität) is presenting its eighth report on financial stability in Germany to the German Bundestag. Its work has focused on the impact of the coronavirus pandemic on the German financial system. Amongst other topics, the Committee has also been looking at risks emanating from the real estate market, Brexit, central counterparties (CCPs), …
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Monthly report Monthly report
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Monthly report Overview of federal budget and financial data up to and including April 2021
The May edition of the ministry’s monthly report is now online. Every month we publish selected extracts from our monthly report in English. These extracts feature current data and information on federal budget trends, tax revenue, debt levels and guarantees, as well as key dates on the fiscal and economic policy agenda. The monthly report also includes interesting articles on topics within the …
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Financial markets Spending reviews in the federal budget
Since 2015, the German government has included annual spending reviews in its top-down procedure for preparing the federal budget. Spending reviews analyse revenues and expenditures in selected policy areas, with the aim of giving the budget preparation procedure a stronger focus on content and enhancing the outcome orientation of the allocated budget funds. They help to improve the structure of …