The Brewer Morris European salary guide provides insight into the key industry trends facing tax professionals. Our report includes both a complete breakdown of salaries, firstly by country then tax specialism, as well as a market commentary for each specific region. We are delighted to have insight from tax leaders across a variety of European countries to support this guide. They highlight the key challenges facing the European market which include: digitalisation, tax transparency & BEPS.
Below is an extract from the German section.
A combination of the largest economy in the EU, the lowest unemployment in Europe and a thriving financial services sector means the German economy is looking positive over the next 12 months.
Of specific importance to the German tax landscape is the introduction of the German Investment Tax Reform Act (GITA) which will take effect on January 1st 2018. This fundamental change in the taxation of investment income will require an increased focus from the financial services industry from the asset management space. Financial services faced considerable change towards the end of 2017. The banking industry enters an exciting era with the post-Brexit fallout starting to become clearer.