Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 14 MARCH 1997

060. The German Tax Reform Proposals

KPMG Germany
Explore more from KPMG Germany

GermanyAccounting and Audit
KPMG Germany Webpage
Click on the above link to visit the KPMG Germany webpage on the Mondaq website
For disclaimer and copyright see end of this article.

1. THE PETERSBERG TAX PROPOSALS

Announced on January 23rd of this year, the "Petersberg Tax Proposals" outline a plan of fundamental income tax reform authored by an expert commission headed by the Minister of Finance and endorsed by the three parties comprising the coalition which has been governing Germany for the past 15 years. Daring not just by comparison with the recently legislated 1997 Annual Tax Act, the recommendations would cut tax rates by around 25 % and greatly broaden the tax base.

While numerous aspects of the proposals are still controversial, their overall magnitude is impressive:

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Beyond Omnibus & Co.: The Substantive Challenges Of Non‑Financial Reporting In Practice

The European Union's Omnibus package has raised expectations that sustainability reporting will become simpler, yet companies are discovering that the real challenges lie not in regulatory requirements themselves, but in operational implementation. From data availability issues in EU Taxonomy assessments to structural complexities in multi-business corporate groups, organizations face significant hurdles in establishing effective non-financial reporting processes.
GermanyAccounting and Audit
GGI | Global Alliance
GGI | Global Alliance
Article

Energy-efficient Renovations As A New Benchmark For Accounting: The Revised Version Of IDW RS IFA 1 In Germany

German tax accounting rules for building-related expenditures are undergoing significant change, particularly affecting energy-efficient refurbishments. Recent guidance from the Institute of Public Auditors and the Federal Ministry of Finance has expanded the scope of capitalizable costs, creating potential divergences between commercial and tax treatment that require careful navigation by tax advisors.
GermanyAccounting and Audit
GGI | Global Alliance
GGI | Global Alliance