As per German media report of 29 June 2014, Germany wants to focus on tax reform after taking over the presidency of the Group of Seven (G7) next week.
Germany emphasized the need for sound public finances to achieve effective growth in the G7 countries and the global economy. They want to promote free exchange of tax information and the strict procedure against tax avoidance by multinational corporations.
Related Posts
Switzerland's Council of States approved protocols amending income and capital tax treaties with Germany and Serbia on 9 December 2024. Earlier, the Swiss Federal Council announced that it had adopted the dispatch on the protocol of amendment to
Read More
The German Ministry of Finance (MoF) released the final decree on the application of Germany's anti-hybrid rules on 5 December 2024, providing clarifications over the draft version published in 2023. The decree addresses how foreign controlled
Read More
The German Ministry of Finance published BMF Letter No. 2024/1078709 on 12 December 2024, updating the guide on transfer pricing for 2024. The new guidelines clarify key aspects of transfer pricing which includes income correction and
Read More
Germany’s Ministry of Finance has released a second discussion draft on 6 December 2024 for a proposed amendment to the Minimum Tax Act. This draft aims to implement Council Directive (EU) 2022/2523, which establishes a global minimum tax
Read More Germany’s Annual Tax Act 2024 (Jahressteuergesetz 2024) entered into force on 6 December 2024 following its publication in the Official Gazette (BGBl. I 387/2024) on 5 December 2024. This Act introduces several tax amendments, including revised
Read More
The Organisation for Economic Co-operation and Development (OECD) has announced that the Czech Republic, Germany, and Hungary have signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information on Income Earned
Read More
