Investment Management

November 24, 2015

On November 12th, 2015, the German Federal Tax Authority published an amendment of the VAT Application Decree. The Decree now adopts the same wording set forth in the VAT Code for the tax-exemption of the management of investment funds. In our ... (more)

November 11, 2015

On September 30, 2015, the European Commission adopted a draft amendment to the Level 2 Delegated Regulation for Directive 2009/138/EU. The draft amendment will establish infrastructure as a separate asset class within the market risk module. The capital requirements for investments financed ... (more)

November 10, 2015

In clarifying when the transfer of an indirect interest holder in a real estate holding partnership would result in a taxable event pursuant to § 1 (2a) of the German Real Estate Transfer Tax Act, the legislator is reacting to the ... (more)

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