Ongoing tax issues are threatening to scupper the launch of German real estate investment trusts, which are scheduled to be launched at the beginning of 2006, Financial Times Deutschland has reported.
According to the report, a committee of federal and state tax experts have been unable to reach an agreement on the tax structure of the new REITS and some are concerned over several loopholes that could lead to a potential tax shortfall.
It is thought that one of the key debating points is the issue of how foreign investors will be taxed.
In addition, another stumbling block has apparently emerged over the issue of whether firms will be permitted to transfer their real estate holdings into REITS at a favourable tax rate.
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