German Tax Reforms of 2002 & 2001: A Summary for Foreign Investors
Mondaq Business Briefing › Germany Law Articles in English (2002)
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German Tax Reforms of 2002 & 2001: A Summary for Foreign Investors
Co-written by Alexa Starosta
Originally published in the March issue of Practical European Tax Strategies.On October 23, 2000, the much-discussed and far-reaching Tax Reform was adopted and came into effect on January 1, 2001, including the Supplementary Tax Reduction Act, which passed the upper house of German parliament on December, 1 2000. The new legislation contains some long-expected cuts in personal and corporate income taxes, as well as some new changes, such as the systematic change from tax credit system to a partial exemption system.On August 15, 2001, the Federal Government voted for a draft bill of the Further Tax Development Act (Unternehmenssteuerfortentwicklungsgesetz), which continues the development of tax reduction and conta...See the full content of this document
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