The Fiscal Amnesty Act and its effects

ISBN-13: 9783638851992 / Angielski / Miękka / 2007 / 40 str.

Nadin Schafer

Opis

Seminar paper from the year 2005 in the subject Business economics - Accounting and Taxes, grade: 1, University of Applied Sciences Eberswalde, 6 entries in the bibliography, language: English, abstract: If you announce your evaded incomes in a limited period voluntarily and you paid additionally a lump-sum tax on the evaded taxable income, you currently have the option to free themselves from prosecution, interests and penalties by filing a declaration of amnesty. This makes the new fiscal amnesty act possible. The amnesty is available from January 1, 1993 till March 31, 2005. By enacting this bill, the federal parliament created an offer which should be understood as a "bridge to tax honesty." This bridge could be used by citizens, who had taxable income in the past, but which do not paid the taxes or who kept it secret that they have illegally-earned money. The target group of the fiscal amnesty act are capital assets, which were invested abroad and which would like to transfer home to Germany on a legal way. Of course the offer is also designed for capital assets, which were invested in Germany and which bear interests, which are evaded taxable interests. 1 5 steps to find the way back to tax honesty 1. Filing out a declaration of amnesty during a certain time-limit 2. Paying a lump-sum 3. Free themselves from prosecution, interests and penalties 4. Because the would like to keep the citizen on the way of tax honesty, the fiscal gets more possibilities to check the activities of the citizen 5. Alternative for the fiscal amnesty act in Germany2

O autorze

I am Tax Manager for the Autodoc Group. With regard to the avoidance of tax errors I am happy to work on a valide Tax CMS Project, since this should be in place in order to ensure that all tax relevant processes will be taken correctly into account for German tax purposes, i.e. working on a complete reporting process. Before joining Autodoc in April 2021 I worked for 4 years as manager for Deloitte and 10 years for Flick Gocke Schaumburg. I supported the Deloitte Global employer services team and help clients to manage their internationale assignment / remote work successfully. As a team member I helped companies coordinate various elements related to global mobile workforce, to adress worldwide compliance with employers reporting and filing requirements. I reviewed German retroactive wage tax calculations and consult employers of multinational companies within the remediation process who missed the German wage tax withholding obligation on behalf of their employees.Flick Gocke Schaumburg allowed me to assist in the auditing and preparation of financial statements and consolidated financial statements on the one hand and on the other hand in ongoing tax consulting. Following the successful examination as a tax specialist, I had the opportunity to gain experience in the investigation of a corruption and bribery case in a large company. After that, I supported the criminal law department in Berlin in the processing of tax investigation cases/self-disclosure, primarily with regard to the application of the Investment Tax Act.