(Source: Eversheds LLP) Tax Update - October 2015 Tax planning and consultancy - Briefings 21-10-2015 Germany Tax increases to gains from sale of portfolio shares The German government proposed that the gain from sale of portfolio shares by companies will fully become subject to corporate income tax and if applicable, also to trade tax. Currently, if a company gains from the sale of shares in another company (irrespective of the size of the shareholding), it is exempt from corporate income tax and if applicable, also trade tax by 95% (except for short term trading in shares). This broad exemption would no longer be applicable to the gain from sale of portfolio shares. This increased tax...
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