Articles / News

		Monday, 22.08.2011
		PTI a member in good standing with the German Chamber of Tax Consultants! PTI a member in good standing with the German Chamber of Tax Consultants! More...

		Monday, 24.01.2011
		FRENCH ANGLO DOUBLE TAX TREATY RATIFIED The French Anglo Double Tax Treaty was ratified in 2010. A number of the tax changes which affect British citizens are highlighted below. More...

		Friday, 21.01.2011
		Hungarian Tax Reform The Hungarian tax administration brought in a number of changes to both the income and corporate tax regimes in January 2011. More...

		Sunday, 05.09.2010
		Revenue Targets Overseas Property Owners Irish investors who are quietly disposing of overseas properties to bolster their depleted cash reserves are being targeted by the Revenue Commissioners. More...

		Monday, 26.07.2010
		Spain May Be Forced To Change Their Inheritance Tax Exemptions European Court of Jutice may force Spain to change how non-residents are treated for Inheritance tax and Gift tax. More...

		Monday, 15.03.2010
		UK Tax Changes Aimed at Increasing the Non-Doms into UK Actually Slowed Down Inward Arrivals Changes brought into raise millions in additional revenue form wealthy business people has led to a number of Britain's super-rich leaving the UK and slowed the number of people looking to re=locate to the UK. More...

		Thursday, 05.11.2009
		Spanish tax increases for high-earning contractors Foreign footballers playing in the Spanish Liga who earn more than 600,000 euros a year will soon be paying 19% more tax thanks to a change in the rules approved today by parliament. More...

		Thursday, 08.10.2009
		4 Tax Defaulters Pay Revenue Back over €1 million each Revenue's ongoing tax investigations on tax defaulters has netted some large repayemnts of late with one tax settlement costing more than €2.5 million. More...

		Thursday, 08.10.2009
		HMRC & IRS Deadline for Offshore Bank Users to Confess is Fast Approaching People that used offshore bank accounts as a means to evade tax have been give time to make a voluntary disclosure their tax authorities. More...

		Friday, 18.09.2009
		HMRC raises interest rate on late tax payments Interest charged on late tax payments has been raised to 3% depsite the Bank of England base rate remaining unchanged since March which now stands at 0.5% More...

		Monday, 14.09.2009
		A Call for new Irish Income Tax Rate from Commission on Taxation The Commission on Taxation recently published an overhaul of the Irish tax system which has seen the introduction of a new Irish income tax rate and a targeted crackdown on Irish tax exiles. More...

		Tuesday, 08.09.2009
		Cowen has not committed to the introduction of a Property Tax but has not ruled anything out… Taoiseach Brian Cowen has admitted that the introduction of a property tax is not high on his agenda but he points out that such an introduction can not be ruled out. More...

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Property Tax Changes Proposed in Germany

Tuesday, 02.11.2010

Ulrika Lomas, tax-news.com

The court found that the current practice of taxing both developed and undevloped property on pre 2000 values.

German property tax is currently levied by local authorities and is a reliable source of revenue for towns and cities, generating more than EUR12bn every year. Currently, German property tax is calculated according to unit values from 1964 in the case of old, former West German states and West Berlin and from as far back as 1935 in the case of new states in former East Germany and East Berlin. According to the court, however, such different treatment can no longer be justified by transitional difficulties arising from German reunification.

Reform of local property tax in Germany is currently under discussion, however, and a working group set up in January has been tasked with drafting a concept. In February this year, the International Monetary Fund (IMF) also advocated reform of property tax in Germany as a possible means of supporting local finances.

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