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Gunter Grittmann
Head of Information and Communication
E-mail: grittmann@zew.de
Phone: +49 (0)621-1235-132
Fax: +49 (0)621-1235-255
Kathrin Böhmer
Public Relations Officer
E-mail: boehmer@zew.de
Phone: +49 (0)621-1235-103
Fax: +49 (0)621-1235-255
Hong Kong and Singapore are the particularly attractive for German investors due to tax reasons. For foreign direct investments, German investors only have to shoulder an effective tax burden of 11.8 percent in Hong Kong and 17.3 percent in Singapore. However, on average, taxes are higher for German investors in the Asia/Pacific region, India and Russia than domestic investments in Germany. These are the findings of a recently published study conducted by the Centre for European Economic Research (ZEW) and the University of Oxford. The study analyses the tax burden on German and US-American direct investments in the Asia-Pacific region, India and Russia. read more
Restricting the tax deductibility of interest expenses will result in a markedly lower degree of indebtedness of multinational corporations, thus raising taxable profits. At the same time, however, companies’ investment decisions react much more sensitively to tax rates at locations that restrict the deductibility of interest for tax purposes. This is shown by empirical research, based on comprehensive data on German foreign direct investment, that was jointly conducted by researchers at the Ifo Institute, Munich and the Centre for European Economic Research, Mannheim. read more
Germany burdens its corporations' profits as highly as no other country in the European Union, except for Spain. The tax-specific disadvantage to Germany as a business location has increased in the past years: Whereas in Germany tax reduction is so far merely being debated, action has been taken in several other EU states such as Austria, Denmark or the Netherlands. read more