Copying and distributing are prohibited without permission of the publisher

Germany: New tax relief gives hope to market for 2010

01 April 2010

It is reassuring that the legislature has come up with tax relief measures to support companies in managing the crisis, although the new provisions are not exhaustive, explain Michael Hartmann, Klaus Schmidt and Christian Tempich of PricewaterhouseCoopers

The year 2009 was a year of challenge and change for private equity as well as M&A in Germany. Indeed, it can be considered as a landmark year for portfolio restructuring. However, there is cautious optimism about a recovery in the European M&A market in 2010. Nevertheless, portfolio restructuring and negotiations with financiers will probably continue in the next 12 months. Besides dealing with difficult trading conditions at portfolio companies and a likely dearth of willing sellers and financiers for new transactions, private equity also needs to manage a variety of other challenges such as changes in the traditional business model, investor actions to address fund performance, increasing focus on risk management and sustainability issues. In addition, it also needs to manage the demands of increased regulation and transparency.

Recently, a new Act has been promulgated in Germany, aiming to introduce the specific tax relief measures envisaged in...



This article is locked content, available to current subscribers or trialists.

  • Current subscribers or trialists - Please log in to view this article in full.
  • New users - Please take a free 7 day trial.
  • Expired subscribers or trialists - Please subscribe to gain immediate full access.

If you think you've received this message in error, please contact your account manager, Nick Burroughs:
Email: nburroughs@euromoneyplc.com, Tel: +44 (0)207 779 8379

Subscribe now

Subscribe today to gain full access to International Tax Review.

Subscribe

Free trial

Take a free trial now and gain 7 days of full access to International Tax Review.

Free trial





International Tax Review Profile

Our #ArticleOfTheWeek is available to read for free on our #facebook page http://t.co/7JkhGVMutQ

Jul 1 2015 10:22 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Fund structuring for LatAm: The Curaçao fund for mutual account http://t.co/D6zJI0QMmt #financialservicesfocus2015 #steevenszbeckers

Jul 1 2015 09:54 ·  reply ·  retweet ·  favourite
International Tax Review Profile

@UKSupremeCourt says taxpayer is entitled to #tax relief on US income he brought to UK http://t.co/9ukcEu5yos #AnsonvHMRC #Delaware

Jul 1 2015 09:22 ·  reply ·  retweet ·  favourite
International Tax Review Profile

@JunckerEU @pierremoscovici to meet @EuroParl_EN #tax rulings committee on Thursday to discuss @EU_Commission corporate tax plans

Jun 30 2015 10:59 ·  reply ·  retweet ·  favourite
International Tax Review Profile

#Tax issues in the Peruvian financial system http://t.co/gQxn38oRlr #financialservicesfocus2015 @bbva #RamonEsquivesEspinoza #nonresidents

Jun 30 2015 10:54 ·  reply ·  retweet ·  favourite
International Correspondents

After the Irish budget, what would make you more likely to put more substance into Ireland?