By Ingo Prang, KPP Steuerberatungsgesellschaft mbH
The real estate market in Germany still offers opportunities compared to other European member states. Hence, investment into the German market can be quite beneficial.
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By Marina Sonni, Bussoletti Nuzzo & Associati Avvocati
Since 2012, companies carrying their business in Italy can request and obtain from the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato - AGCM) the attribution of the so‐called Legality Rating, an innovative tool based on incentives aimed to increase the competitiveness of companies by promoting ethically principles in corporate conduct (see article 5-ter, Decree-Law 1/2012, converted into Law 62/2012).
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By Oliver Biernat, Benefitax GmbH
The rapid rise in the price of bitcoin and other crypto currencies has attracted a great deal of media attention. The blockchain technology is regarded by many as trend-setting. In recent years, an increasing number of people have traded, exchanged or paid with cryptocurrencies. Mining blocks is not only carried out by large investors but also by IT-affne private individuals. This raises several questions. On the one hand, the question of whether a trading or private activity exists and, on the other hand, whether and, if so, how profits and sales are taxed.
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By André Henrique Gaspar de Oliveira and Luísa Zanini da Fontoura, Maciel Auditores
Over the years, auditing has retained its significance in public finance and, as such, Supreme Audit Institutions (SAI) 1 receive constitutional recognition in many countries around the world, including Brazil. Although it has been argued that Brazil suffers from serious accountability deficits, here, as watchdogs of public finances, the auditors act to enforce accountability of executive agencies to national and state legislatures and through them to the general public.
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By Michael Davidson, Haines Watts
More than one in three (35%) business owners in the UK fear that their management team will cause them to hit a growth ceiling. Their concerns are legitimate – over half (53%) of management teams have never helped grow a business prior to the one they now work in.
By Roberto M. Cagnazzo, Studio Tributario Cagnazzo
The Italian Budget Law 2018 has introduced substantial modifications to the domestic definition of permanent establishment (PE). The changes consist mainly in the redefinition of the traditional classification and criteria for the identification of the ‘material’ and ‘personal’ PE. The lawmaker has made these changes in line with the new provisions of the OECD Base Erosion and Profit Shifting project (BEPS), the OECD Model Tax Convention on Income and on Capital and the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS.
By Alexane Palide, edited by Prof Robert Anthony, Anthony & Cie
The new French assessment on the effects of the tax reform provided by the project 2018 of the Financial Act highlights the introduction of the new property tax (IFI) based on the old methods. However, the project has been referred to the Constitutional Council for different reasons that we will now analyse.
