On January 2 2014 the Federal Ministry of Finance issued a 62 page long notification in which it specified the principles for the allocation of goods and services to the business, writes Eveline Beer of KÜFFNER MAUNZ LANGER ZUGMAIER.
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The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap