Event tip: ChannelSeminar tax reform 2007 The tax value is to rise strongly for medium-size enterprises with the inheritance tax and enterprise follow-up. Accordingly, business assets are to be divided into “good” and “bad” assets for tax purposes in the future. The so-called evil assets = unproductive assets (cash assets, cash in hand, bank balances, shareholdings in corporations on the balance sheet) are then to be taxed immediately and gift and inheritance tax is then also immediately due. The new final withholding tax on interest income then does the rest. The Association of German Chambers of Industry and Commerce (DIHK) warns: “This is how small and medium-sized businesses are being reformed to ruin them”. For this reason, intelligent solutions are in demand, which above all allow the medium-sized entrepreneur decisive legally founded scope for structuring his own company, but also for his private sphere. Attorney, financial expert and ChannelPartner author Johannes Fiala and Frank M. Strobelt, managing director of the society for donation promotion registered association point legal possibilities out, how entrepreneurs for their tax privileges secure, which can protect private liquidity and for the case of succession provide. Seminar content: Part I: Provision and inheritance law: 1. patient’s will and effectiveness problems 2.powers of attorney for provision with formal requirements and difference to care and control care including questions of remuneration and spheres of activity 3.inheritance regulations with restrictions by legal regulations – will, contract of inheritance – execution of will, office of everyman and occupation prohibitions – coordination with company forms – renunciation of inheritance, right to a compulsory portion and supplement – Berlin will – foreign assets and foreign domicile (e.g. Italy, USA) 4. limitations of liability – disclaimer and compulsory portion – estate insolvency, administration – drawing up inventories and the role of notaries 5. advisors and roles in comparison: impartiality or representation of interests Role of banks and insurance companies Causes of insolvency in private and business assets, e.g. through business splitting, etc. (alleged) tax saving models Selling companies as a poverty trap in old age Insurance against tax debts? 2nd part of the program: The foundation as an heir – saving taxes and securing assets in the long term Contents: – Introduction – Types of foundations – Functioning – Tax advantages – Foundation as a business instrument with regard to succession planning – Flexible structuring options in the case of inheritance – Protection of life’s work – Provision/income from national and international foundations The seminar will take place on December 12, 2006 at the IDG Media Center in Munich. Participation fee: 249,- Euro plus VAT. Early bird until 04.12.2006: 199,- Euro plus VAT. VAT 149,- Euro plus. VAT from the second participant per company.
Courtesy of/bywww.channel-partner.de
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About the author
Dr. Johannes FialaPhD, MBA, MM
Dr. Johannes Fiala has been working for more than 25 years as a lawyer and attorney with his own law firm in Munich. He is intensively involved in real estate, financial law, tax and insurance law. The numerous stages of his professional career enable him to provide his clients with comprehensive advice and to act as a lawyer in the event of disputes.
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