German Value Added Tax Law (Umsatzsteuergesetz – UStG) Taxable transactions The German Value Added Tax Law (Umsatzsteuergesetz – UStG) covers the following transactions which are within the scope of German VAT: – Supplies of goods (Lieferungen) and services (Dienstleistun- gen) which a business delivers or renders for consideration (monetary orRead More →
Extensive exclusivity rules Several professional services are subject to extensive exclusivity rules that reserve activities to particular professions. In some of these activities, other OECD countries have eased such rules with substantial reductions in costs (OECD, 2014a), for example for legal services needed to create a new business. Shareholder requirementsRead More →
Africa’s agenda of economic transformation Africa’s agenda of economic transformation opens new business opportunities for investors. Reaching the transformative objectives at the heart of the African Union’s vision – accelerating value creation, promoting diversifcation, improving public services – will not happen without better synergies between private investment and public action.Read More →
Still clearly behind the United States China has also caught up in outward FDI stock. At 4 per- cent in 2015, it was in tenth place (2000: 0. 4%and 22nd place) , but still clearly behind the United States, Germany, and the United Kingdomwhich have cumulated the highest FDI stockRead More →
Brinks Metaalbewerking Germany of great importance to Brinks Metaalbewerking: Brinks Metaalbewerking produces components for various branches of industry. The company has a turnover of € 22 million, generating 50% of it in the automotive chain. Brinks produces in batches ranging from 10,000 to 300,000 units and can do so efficientlyRead More →
Universities as a whole Universities as a whole are as well evaluated by the Science Council, sometimes all of the universities of one state, sometimes one university, sometimes one faculty only. If a detailed list is of interest, IfLS may request it by the Council of Science. As interviewees report,Read More →
Unpaid taxes actually assessed are included in other liabilities Taxes Unpaid taxes actually assessed are included in other liabilities. Income taxes currently payable but not yet assessed are shown as a separate item under the amounts accrued. Deferred taxes are calculated using the liability method. The calculation is to beRead More →
Regulation of professional services Regulation of professional services and network industries is particularly relevant because they play an important role as intermediate inputs. Close to 100% of the services produced by lawyers and notaries, building engineers and architects in Germany are intermediate. In telecommunications, this share is 50%. Empirical evidenceRead More →
Organschaft for German VAT As soon as all of the above criteria are met, an Organschaft for German VAT purposes comes into existence, and exists until such time that the criteria are no longer met. Companies cannot optionally elect to be an Organschaft or not. The controlling entity is consideredRead More →
British automobile industry The British automobile industry and the aviation sector are major customers here. The IT services/software sector (media, finance) is also important – particularly in the South of England. The IT hardware segment is a large and dynamic customer here. This is likely to remain the case inRead More →
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