German insurance managers will have to ‘box clever’ with tax reform

Ministry of Finance in Berlin, Germany. Credit: Shutterstock/TK Kurikawa

It seems unlikely currently that the German tax authorities will bow to pressure from representative bodies of the entire German insurance community to amend, or at least clarify, its recently passed controversial Insurance Tax Law Reform (VersStG) to prevent German companies with insured overseas operations paying tax twice – at home and overseas. The German insurance management association (the GVNW)…

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