Europa erlebt einen sicherheitspolitischen Paradigmenwechsel - mit gravierenden Konsequenzen weit über die Rüstungsbranche hinaus. Nele Frie und David Peroz analysieren, wie die strategische Neuausrichtung der europäischen Verteidigungspolitik Investorenperspektiven verändert, die Kapitalmärkte bewegt und die Debatte um nachhaltige Finanzregulierung neu entfacht.

The vote of a case handler is an integral part of a merger control file, in particular in phase 1 proceedings in which there is no detailed decision.

In our Client Information dated 30 April 2014 we provided information on a Circular dated 23 April 2014 released by the German Federal Ministry of Finance regarding certain open issues in connection with the AIFM Tax Act.

Mit Urteil vom 17.12.2025 (I R 9/23) hat der BFH bestätigt, dass beim (qualifizierten) Anteilstausch nach § 21 UmwStG die Vorbesitzzeiten des übertragenden Rechtsträgers für die Anwendung des gewerbesteuerlichen Schachtelprivilegs (§§ 8 Nr. 5, 9 Nr. 2a GewStG) unberücksichtigt bleiben.

On February 26, the European Court of Justice ruled in the Wächtler case that the German exit tax in its current form violates the Agreement on the Free Movement of Persons between Switzerland and the EU ...

Please find here our M&A update on the legislative and further government COVID-19 measures that have now come into force...

The Federal Constitutional Court announced that its long-awaited judgment on the Inheritance and Gift Tax Act will be delivered on 17 December 2014

On June 8 the German Ministry of Finance issued a circular clarifying that transfers of intangible assets, such as goodwill or customer lists, should be treated as a service for German VAT purposes.

Yesterday, the Commission presented a proposal for a regulation on a statute for a European Foundation ("FE").

Die Anwendung der Zinsschranke bei Personengesellschaften wirft erhebliche systematische und praktische Fragen auf. Diese treten besonders deutlich bei Beteiligungen von inländischen Steuerpflichtigen an ausländischen Personengesellschaften hervor, wie sie typischerweise bei internationalen Private Equity Strukturen anzutreffen sind.

Due to the COVID-19 aid package as of March 25, resolved by the German Parliament please see our selection.

The most interesting question with respect to public takeover offers is most probably that of the consideration offered.

The German Act on the Adaption of Investment Fund Taxation in Connection with the AIFM Directive (the "AIFM Tax Act") did not pass the legislative process prior to the Federal Election. Initially, it was envisaged that the AIFM Tax Act should enter into force on 22 July 2013.

During calender week 24, the German Federal Ministry of Finance (BMF) commented on the determination of the applicable partial exemptions with respect to investment funds...

Der BFH hat mit Urteil vom 19.11.2025 (I R 41/22) entschieden: Allein der Abschluss eines neuen DBA genügt, um eine Entstrickungsbesteuerung nach § 4 Abs. 1 Satz 3 EStG auszulösen – ohne jedes aktive Zutun des Steuerpflichtigen.

The governmental draft in regards to the German Act on the Adaption of Investment Fund Taxation in Connection with the AIFM Directive has been published.

In February 2019, the tax authorities caused uncertainty with their view that a withholding tax of 15.825% should be retained by domestic clients of foreign providers on fees paid for online advertising (cf. Client Information of Feb 14 2019).

According to a decision published February 10, 2016, the German Federal Fiscal Court submitted to the Federal Constitutional Court the question whether or not the interest barrier rule is unconstitutional (I R 20/15).

In many cases, holiday homes and other self-used properties are not held directly, but through a corporation. This is particularly the case in Spain, which is very popular with Germans, but also in many other regions of the world, such as the United Arab Emirates (Dubai) or South Africa.

The German Fiscal Code provides for the possibility of a voluntary self-disclosure of tax evasion.