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

RT @ActionAid_NL: . @IntlTaxReview has ranked @GA4TJ in Top 10 of “Global Tax 50 2015: leaders creating an impact around the world”: https:…

Feb 5 2016 11:51 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @Ana_Utumi: So happy to have @delaFeriaR among #GlobalTax50 by @IntlTaxReview - Rita, congrats, well-deserved!! @WomenInTax

Feb 5 2016 11:44 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Don't miss the #GlobalTax50 2015 https://t.co/kOqNa2GzO6

Feb 5 2016 11:32 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Top 10 Tax experts International Tax Review.JPG https://t.co/Lf01g702dt

Feb 5 2016 10:27 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Global Tax 50 2015: Rita de la Feria https://t.co/YCxpFL3HSE

Feb 5 2016 10:23 ·  reply ·  retweet ·  favourite
International Correspondents