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

Digital businesses get #VATMOSS in #EU http://t.co/p4SQjvyWxP

Nov 25 2014 05:02 ·  reply ·  retweet ·  favourite
International Tax Review Profile

#DonatoRaponi speaks about future of EU #VATMOSS http://t.co/OOfFIoFJwv @EU_Commission @EU_Taxud

Nov 25 2014 05:00 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @GlobalTaxAdvice: #Taxand focuses on #TP audits and developments across #Asia at @IntlTaxReview #TP forum: 1 week away! Discover more > …

Nov 25 2014 02:25 ·  reply ·  retweet ·  favourite
International Tax Review Profile

.@IRLDeptFinance issues Q&A to start #financialservices consultation, rather than paper setting out govt's views http://t.co/SwNZrxOSuG

Nov 25 2014 10:47 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @IRLDeptFinance: Min of State Harris opens public consultation to assist development of new International Financial Services strategy ht…

Nov 25 2014 10:43 ·  reply ·  retweet ·  favourite
International Correspondents

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