(Voluntary) resettlement schemes remain an EU migration policy element The Commission has frequently stated that Europe must not be a fortress, but a continent of solidarity where people in need of protection will receive it. In line with this statement, the Commission proposed a structured EU resettlement framework in JulyRead More →
Taxation of public pensions was radically changed in 2005 The taxation of public pensions was radically changed in 2005. Until 2004, benefciaries paid tax only on the “income portion” of their pension payments. The taxable portion varied depending on the age of the recipient at the time of the firstRead More →
Prices stay low? In a world where the general view is that prices will stay low for a prolonged period of time, there is much evidence that the US is at a point on inflation and 2018 may be the year where prices enter a period of structural growth. EURead More →
Dividends and constructive dividends distributed to foreign shareholders At the level of shareholders, when dividends and constructive dividends are distributed to foreign shareholders, such share- holders are subject to non-resident income tax if they are indi- viduals and subject to non-resident corporate income tax if they are corporations. The distributionRead More →
Investment in machinery and equipment in 2017 According to our estimates, (gross) investment in machinery and equipment in 2017 looks set to edge up by roughly 4.3% (real, price-adjusted) compared with the previous year (2016: +2.2%). In 2018, it could gather even more steam and rise at a rate ofRead More →
Government oversight of existing SOEs Government oversight of existing SOEs is decentralized and handled by the ministry with the appropriate technical area of expertise. The primary goal of such involvement is the furtherance of the public interest rather than the generation of profits. The government is required to end itsRead More →
Pensions are computed on the basis of a formula Pensions are computed on the basis of a formula which takes into account factors such as the insured’s gross income, the av- erage income of all the persons insured by the system, and the recognized period of coverage. Pensions are generallyRead More →
Amortisation and depreciation Amortisation and depreciation Intangible fixed assets are amortised straight-line over their useful lives. Often these can be objectively determined, such as in the case of patents and trademarks with a specific expiry date. Goodwill is amortised over 15 years. Investments may be neither written down nor regularlyRead More →
Competition from State-Owned Enterprises The formal term for state-owned enterprises (SOEs) in Germany translates as “public funds, institutions, or companies,” and refers to entities whose budget and administration are separate from those of the government but in which the government has more than 50% of the capital shares or votingRead More →
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