16 results, sorted by
taxation Tobacco Duty Modernisation Act adopted
The German cabinet adopted the draft Tobacco Duty Modernisation Act on 24 March 2021. With this legislation, the German government is adjusting tobacco duty rates and responding to changes in the tobacco market and in consumer behaviour. The new law also serves to improve public health and protect minors.
Climate action European Sustainable Finance Summit
As the European Sustainable Finance Summit gets underway, German Finance Minister Olaf Scholz and Environment Minister Svenja Schulze are calling on European companies to invest more in sustainable economic activities. The first survey, published today, on applying the EU taxonomy shows that just 2% of companies’ activities by revenue meet the taxonomy’s level of ambition for climate action and …
Internationales Steuerrecht [EN] Questions concerning the application of the Platform Tax Transparency Act
The Platform Tax Transparency Act of 20 December 2022 (Federal Tax Gazette I, p. 2730) introduced a reporting obligation for operators of digital platforms and the cross-border automatic exchange of information between tax authorities of EU Member States. This circular assists in the proper implementation of the Platform Tax Transparency Act and addresses issues of practical relevance.
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.
europe German Recovery and Resilience Plan adopted
Today the German government adopted the German Recovery and Resilience Plan (DARP). Ninety percent of the spending in Germany’s recovery plan is targeted towards climate action and the digital transformation. This means that the German government is going well beyond the ambitious targets set by the EU. According to analysis by the German Institute for Economic Research (DIW), the planned …
taxation Scholz: “We’re taking action to eliminate tax havens”
The German cabinet adopted the draft Defence against Tax Havens Act on 31 March 2021. With the new law, the German government is taking action against tax evasion, tax avoidance and unfair tax competition from tax havens.
taxation Scholz: “A key step towards greater tax fairness”
Germany’s federal cabinet adopted the draft Act Implementing the Anti-Tax Avoidance Directive (Gesetz zur Umsetzung der Anti-Steuervermeidungsrichtlinie) on 24 March 2021. In the bill, the German government proposes stricter rules to fight aggressive tax planning. The new rules aim to effectively counteract tax avoidance strategies used by multinational corporations.
taxation Scholz to boost the competitiveness of family businesses
The federal cabinet adopted the draft Act Updating Corporate Tax Law (Gesetz zur Modernisierung des Körperschaftsteuerrechts) on 24 March 2021. With this bill, the German federal government is improving the tax framework especially for small and medium-sized partnerships and family businesses. In addition, it makes German corporate tax law better suited for international business in a globalised …
taxation Results of the 156th meeting of the Working Party on Tax Revenue Estimates
The Federation, Länder and local authorities can continue to expect higher tax revenues in the coming years. According to current tax estimates, tax revenues will rise from €796.4bn in 2019 to around €935.0bn in 2024. The trend will be somewhat better for the Länder and local authorities than for the Federation, however. Overall, the Working Party on Tax Revenue Estimates has corrected its …
taxation New reporting obligation will create greater fairness in taxation
The federal cabinet today approved the draft Act Introducing a Reporting Obligation for Cross-Border Tax Arrangements.