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G7 G7 Statement on Russia’s War of Aggression against Ukraine and its Impact on the Global Economy
On 23 February 2023, the G7 finance ministers and central bank governors issued a joint statement.
G7 presidency G7 Finance Ministers’ Statement on support to Ukraine
On 22 December 2022, the G7 finance ministers held their last virtual meeting under Germany's presidency and issued a joint statement.
Taxation External tax relations
An overview of German law on external tax relations, especially transfer pricing.
Financial markets Sanctions Enforcement Act II: making sure sanctions work
The German government’s draft Sanctions Enforcement Act II reorganises the way Germany enforces sanctions. The new legislation aims to ensure that sanctions are implemented even more effectively. It also introduces additional measures to fight money laundering and sends out a strong signal that Germany intends to combat financial crime consistently and resolutely.
Taxation What are taxes and what are they used for?
Taxes are the state’s most important source of revenue. The state uses the money to pay for things that are in the public interest. But who decides how much we have to pay in taxes? And why are there so many different kinds of taxes? This brochure provides answers to these and other important questions relating to taxes. It shows who pays what kinds of taxes and explains key terms using …
ukraine Exchange scheme hryvnia-to-euro to expire on 30 October 2022
The Federal Ministry of Finance and the Deutsche Bundesbank have agreed with the National Bank of Ukraine to let the hryvnia-to-euro exchange scheme expire.
G7 presidency G7 Statement on the global economic impact of Russia’s war of aggression against Ukraine and G7 support to Ukraine
G7 finance ministers and central bank governors have issued a joint statement following their meeting on 12 October on the sidelines of the Annual Meetings of the IMF and World Bank in Washington DC.
Taxation Working Party on Tax Revenue Estimates
The Working Party on Tax Revenue Estimates is an advisory council at the Federal Ministry of Finance. It has existed since 1955. In addition to the Federal Ministry of Finance, which has lead responsibility, the council’s membership includes the Federal Ministry of Economics and Technology, five economic research institutes, the Federal Statistical Office, the Bundesbank, the German Council of …
Ukraine Debt service suspension for Ukraine
At a virtual meeting held on 14 September 2022, Germany joined other official bilateral creditors and the government of Ukraine in concluding a Memorandum of Understanding to provide coordinated debt service suspension for Ukraine. Under the Memorandum, Ukraine’s payment obligations will be suspended until the end of 2023.
Taxation Implementation of the global minimum taxation – Statement Christian Lindner
Federal Minister of Finance Christian Lindner declared that, if necessary, Germany is ready to introduce a global minimum tax nationally, even in the absence of an EU-wide agreement. He emphasised that this is a question of tax fairness: multinational corporations too must pay their fair share to help finance public goods.