BFH: Tax consultancy costs and clearance costs can be deducted from tax as estate planning costs

If a testator has committed tax evasion, the costs incurred from obtaining tax advice in relation to the supplementary tax return can be deducted from tax as estate planning costs according to a ruling of the Bundesfinanzhof (BFH), Germany’s Federal Fiscal Court (Az.: II R 30/19).Heirs, take note: A supplementary tax return needs to be […]

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Opportunities and challenges for businesses trading across borders

Since the beginning of the industrial revolution in the late 18th century, we have been trying to adapt to changing circumstances and to make the most of opportunities while avoiding risks wherever possible. In an age characterized by constant change, many are still talking about the buzzword, globalization, when promoting business activities, while the world […]

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IR Global Insights: Working smart, surviving and thriving

August 2021

When Covid-19 first surged across continents, most companies had to mothball projects, downsize and quickly review their costs, supply chains, sales strategy and customer relationships. US-based Danny Cortenraede, managing partner […]

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2021 Federal election in Germany: tax statements in the parties’ election programs

On September 26, 2021, a new Bundestag will be elected in Germany. In order to generate government revenue and fill gaps in the treasury, which have been widened not least by the Corona pandemic, tax policy has a key role to play. The problem could be that, due to the sharp increase in debt, there […]

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The International Cannabis Business Conference is Europe’s largest B2B trade event

The International Cannabis Business Conference is Europe’s largest B2B trade event in Berlin, attended by executives, entrepreneurs and policymakers from over 80 nations. It is offering a world-class industry networking and investment/capital opportunity. The Cannabis Industry in Germany: An Intellectual Property Perspective Margret will provide an overview of the Intellectual Property Perspective that cannabis operators […]

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Advertisements that feature test verdicts without referencing the source are unlawful

Advertisements that feature test verdicts must include a reference to the source that is clearly visible to consumers. That was the verdict of the Bundesgerichtshof (BGH) – Germany’s Federal Supreme Court – in a ruling from April 25, 2021 (Az.: I ZR 134/29). Products that perform well in tests conducted by prestigious institutions can draw […]

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DR. ROTH IP Law Firm joins IR as the exclusive IP – Patents Member in Germany

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Dr. Andy Stefan Roth, MBA of DR. ROTH IP Law Firm. Andy has joined IR as our exclusive IP – Patents Member in Germany. Dr. Andy Stefan Roth is the founder of the firm. His expertise includes all aspects of intellectual […]

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GERMANY’S ISLAMIC FINANCE MARKET — A NICHE WITH GREAT POTENTIAL

OPEN MINDED GERMANY’S ISLAMIC FINANCE MARKET — A NICHE WITH GREAT POTENTIAL What are the two systems, what are we talking about? International banking consists of credit institutions, securities services companies, investment banks, financial services institutions and all other types of banking-related companies organized under private law for which the purpose of operation includes wholly […]

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Turkey shares financial data – Tax dodgers should consider submitting a voluntary declaration

The automatic exchange of financial information is supposed to assist countries in their efforts to tackle cross-border tax evasion. Turkey is now among the countries that share information with the German tax authorities. The automatic exchange of information is a powerful weapon in the fight against cross-border tax evasion. More than 100 countries are party […]

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Voluntary disclosure: Germany’s Federal Minister of Finance purchases tax CD from Dubai

Germany’s Federal Minister of Finance, Olaf Scholz, has purchased a CD from Dubai that contains confidential information pertaining to possible tax evaders. A number of taxpayers – including quite a few from Germany – ought to be concerned that their tax evasion will be discovered. There has been little to report on recently regarding the […]

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BFH finds rules governing taxation of shares to be partially unconstitutional

Losses from shares can only be offset against profits from the sale of shares. The Bundesfinanzhof (BFH) – Germany’s Federal Fiscal Court – has ruled that this is unconstitutional and asked the Bundesverfassungsgericht – Germany’s Federal Constitutional Court – to weigh in (Az.: VIII R 11/18). The fact that losses from share trading can, to […]

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