|Wolfgang Schäuble was also in the Global Tax 50 2011|
Born in Freiburg im Breisnau and the son of a tax adviser, Schäuble is a qualified lawyer and has worked in the German tax administration, providing him with useful knowledge to ensure Germany's tax interests are protected in the EU.
Schäuble does not regard patent box regimes as conforming to the "European spirit", and rather than implement a patent box regime of its own, similar to that of the UK or Netherlands, for example, Germany has opted to try and discourage the use of such legislation in the EU.
November's G20 finance ministers meeting provided the setting for Schäuble to take the UK to task on its IP regime. The UK agreed to reduce the scope of its Patent Box legislation so that it will only apply to research and development and innovation activity within the UK. Similar restrictions are likely to be extended to other European patent box regimes.
When he and fellow Global Tax 50 2014 entrant George Osborne, Schäuble's UK counterpart released a joint statement, the German said: "More and more countries are speaking out against allowing too much leeway for large multinationals to minimise their taxes. Just because something is legal, does not mean it is fair in tax terms.".
Other areas where Germany has been vocal include the proposed financial transaction tax (FTT) and Luxembourg's tax regime.
Schäuble was a key critic of the Luxembourgish system, saying that the country had "a lot to do", and reiterating his point that just because something is "legally possible", it is not necessarily fair.
In conjunction with his Italian and French counterparts, Pier Carlo Padoan and Michel Sapin, Schäuble recently penned a letter to the EU urging it to take action to limit aggressive tax avoidance on the part of member states and aggressive tax avoidance on the part of businesses, as well as increasing tax harmonisation.
Germany is one of the 11 countries involved in the conception of the FTT, and Schäuble has emphasised that although progress may be slow, "a small first step is better than none".
|The Global Tax 50 2014|
|View the full list and introduction|
|Gold tier (ranked in order of influence)|
1. Jean-Claude Juncker 2. Pascal Saint-Amans 3. Donato Raponi 4. ICIJ 5. Jacob Lew 6. George Osborne 7. Jun Wang 8. Inverting pharmaceuticals 9. Rished Bade 10. Will Morris
Silver tier (in alphabetic order)
Joaquín Almunia • Apple • Justice Patrick Boyle • CTPA • Joe Hockey • IMF • Arun Jaitley • Marius Kohl • Tizhong Liao • Kosie Louw • Pierre Moscovici • Michael Noonan • Wolfgang Schäuble • Algirdas Šemeta • Robert Stack
Bronze tier (in alphabetic order)
Shinzo Abe • Alberto Arenas • Piet Battiau • Monica Bhatia • Bitcoin • Bono • Warren Buffett • ECJ Translators • Eurodad • Hungarian protestors • Indian Special Investigation Team (SIT) • Chris Jordan • Armando Lara Yaffar • McKesson • Patrick Odier • OECD printing facilities • Pier Carlo Padoan • Mariano Rajoy • Najib Razak • Alex Salmond • Skandia • Tax Justice Network • Edward Troup • Margrethe Vestager • Heinz Zourek
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