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Tax and legal

By: Language: English Series: EuroProperty ; 7 April 2008, 29-35(7)Publication details: 2008Subject(s): Summary: Surveys the current business tax regime in Europe and changes in business tax laws. Finds that the approach to taxes by a number of Governments is changing in unforeseen ways. In Germany, new rules have lowered corporate tax, but limit interest deductions to less than 30% of earnings. In France, new laws introduced by the previous administration impose a 60% cap on single entity ownership of a SIIC (real estate investment trust). Table shows central and eastern Europe corporate tax rates.

Surveys the current business tax regime in Europe and changes in business tax laws. Finds that the approach to taxes by a number of Governments is changing in unforeseen ways. In Germany, new rules have lowered corporate tax, but limit interest deductions to less than 30% of earnings. In France, new laws introduced by the previous administration impose a 60% cap on single entity ownership of a SIIC (real estate investment trust). Table shows central and eastern Europe corporate tax rates.