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By Robert Tromp
Part V. Concluding Remarks
In the corporate tax realm, Tax Reform 2000 ends the discrimination against foreign taxpayers, who are denied the corporation tax credit on dividends and subjected to high rates of taxation with regard to their German branch operations. By reducing the corporate tax burden on retained earnings, it strengthens the global competitive position of German corporations. The capital gains exemption for sales of shares in other corporations facilitates economically sound mergers and reorganizations and gives Germany a streamlined, modern corporation tax system well suited to the demands of global economic activity. Last but not least, Germany becomes more attractive still as the location of international holding companies.
Questions and comments regarding Tax Reform 2000 and the subjects dealt with in the above article my be addressed to its author:
Robert E. Tromp, Partner (Tax and Legal)
KPMG Frankfurt am Main
Telephone: 00 49 69 9587 2268
Telefax: 00 49 69 9587 2429
E-mail: [email protected]
This is the fifth and concluding part of a five-part article which treats the subjects covered in condensed form. It is intended to provide a general guide to the subject matter and should not be relied on as a basis for business decisions. Specialist advice must be sought with respect to your individual circumstances. We in particular insist that the tax law and other sources on which the article is based be consulted in the original, whether or not such sources are named in the article. Please note as well that later versions of this article or other articles on related topics may have since appeared on this database or elsewhere and should also be searched for and consulted. While our articles are carefully reviewed, we can accept no responsibility in the event of any inaccuracy or omission. Please note the date of each article and that subsequent related developments are not necessarily reported on in later articles. Any claims nevertheless raised on the basis of this article are subject to German substantive law and, to the extent permissible thereunder, to the exclusive jurisdiction of the courts in Frankfurt am Main, Germany. This article is the intellectual property of KPMG Deutsche Treuhand-Gesellschaft AG. Distribution to third persons is prohibited without our express written consent in advance.
