Tightly controlled and strictly supervised tax While VAT is not, by its nature, a direct cost for businesses, it is a tightly controlled and strictly supervised tax. The administrative, accounting and other compliance requirements and obligations on businesses are intense and the consequences of any failure to adhere to allRead More →

SMEs: Germany’s Economic Backbone SMEs: Germany’s Economic Backbone Exports are driven by Germany’s backbone of highly inno- vative small and medium-sized enterprises (SMEs), the renowned Mittelstand. They constitute 99.6 percent of all companies, employing around 60 percent of the German workforce. Many of these SMEs are hidden champions – worldRead More →