Extract
German Tax Reform 2000
Co-written by Dr. Joachim H. Borggäfe and Mr Andreas Köster-Böckenförde
A Summary For Foreign InvestorsOn December 21, 1999, German Chancellor Schroeder and Finance Minister Eichel unveiled the German government's proposal for far-reaching tax reform. The proposal contains some long-expected cuts in personal and corporate income taxes, as well as some unexpected changes, such as the introduction of a German national participation exemption.The proposal was well received by the German and international business community and led to an all-time high on German stock markets before Christmas. Equity analysts see the proposed reform as a vital step to improving Germany's competitiveness since it should give an important impulse for the modernization and reconstruction of German industry. However, foreign investor...See the full content of this document
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