According to a national media report, firms doing business in Germany face one of the most tangled and opaque webs of tax law and regulation in the world.
Citing Christoph Spengel of the ZEW economic institute, the report in Die Welt stated that more than one hundred new tax laws have been imposed on companies in the last four years alone.
The article also referred to a World Economic Forum analysis that labelled the country’s tax system the most inefficient in the world.
“The constant changes to German tax laws lead to enormous extra costs for all German companies,” Goetz Weitbrecht, a tax expert at Deutsche Bank, was quoted by the paper as saying.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment