OrbitaxPlans to reform corporate taxation – Federal Cabinet agrees on general framework
|Proposed Changes|Germany
On 12 July 2006, the Federal Cabinet agreed on the general framework of the planned 2008 corporate tax reform:
| - | The most important issue agreed upon is the envisaged decrease of the corporate tax burden from the current average rate of 38.65% (including municipal business tax and solidarity surcharge) to approximately 29%. Furthermore, the current complicated system of corporate income tax and municipal business tax … |