Germany: Love at second sight
With the passage of a raft of new legislation, the German Government has proved it is committed to the revitalisation of the country's finance sector. Rolf Krauss looks at what this will mean for investors
At present, the German economy is depressed. To balance budgets and to avoid receiving slapped wrists from Brussels, there have been widespread cuts to privileges in German tax law. Such forceful measures have already put many businesses at risk. Additionally, turning the tax screw added another dimension to Germany’s international reputation as a high tax area.
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