Tax & Legal

    Tax & Legal News – Issue 2, March/April 2017

    In this issue: PwC Reports, Official pronouncements, Supreme Tax Court Cases and From Europe

    PwC Reports
    Leaving the EU: Brexit and its impact on German businesses
    Plans to restrict the deduction of royalty expenses to combat tax planning by international groups
    US corporate tax reform planned
    The long and winding road: Trade Facilitation Agreement now in force
    New Ministry of Finance Circular planned: Agreement upon a Revision of the Treatment of Cum/Cum Transactions
    Federal cabinet approves new rules as part of the fight against money laundering and financing of terrorism

    Official Pronouncements
    Promoting electrical mobility: Further tax relief for private use of electric-powered cars
    Taxation of company cars in case of leasing
    Tax authorities finalise standards for the automatic exchange of financial information
    VAT situation for the public sector

    Supreme Tax Court Cases and From Europe
    No economic ownership of lessee in case of a sale-and-lease back
    No extended trade tax deduction on the disposal of an interest in a real estate partnership
    Write-downs to fair market value resulting from foreign exchange rate differences on investment units to be added back
    Interest paid by foreign partner deductible also in case of two-tier partnership
    ECJ rules on Subject-to-tax requirement of the Parent-Subsidiary Directive