The German federal government today introduced the draft Act Amending the German Investment Tax Act and Other Acts (GITA-AIFM) to adapt the German tax laws to the new regulatory regimes which implement the European Alternative Investment Fund Managers Directive (AIFMD) into German law, thereby commencing the legislative enactment process.
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Ireland’s Department of Finance reported increased income tax, VAT and corporation tax receipts from 2024; in other news, it’s understood that HSBC has agreed to pay the French treasury to settle a tax investigation
The EU has seemingly capitulated to the US’s ‘side-by-side’ demands. This may be a win for the US, but the uncertainty has only just begun for pillar two