Germany: Tax reform proposals

At the time of introduction of the recent tax reform legislation, the German government also announced its intention to reduce the cumulative trade tax and income/corporation tax burden to approximately 35% for all businesses, whether operated as corporations, partnerships, or sole proprietorships, beginning in the year 2000. In late April 1999, a bipartisan government commission appointed to study the matter presented its generally favorable report at the Federal Finance Academy in Bruhl.