The criteria for differentiating between open-ended and closed-ended alternative investment funds (AIFs) as set forth in the German Investment Code (KAGB) will probably not continue to apply after the recent legislative procedure of the EU Commission. Our beinformed published on ... (more)
Baden-Wuerttemberg Fiscal Court: Abolishment of income-related expense deduction for capital income is unconstitutional: The Fiscal Court of Baden-Wuerttemberg has determined that the abolishment of income-related expense deduction for capital income is unconstitutional in certain circumstances. According to the decision, these ... (more)
Unfortunately, the German legislator could not agree on a final draft of the Act Amending the German Investment Tax Act and Other Acts ("GITA-AIFM") yet. As a result, the legislative process regarding the GITA–AIFM has been put on hold and will not ... (more)
