Choice between plague and cholera

The Federal Fiscal Court (Bundesfinanzhof, BFH) has ruled that the VAT-exempt activity as an insurance intermediary consists not only in seeking customers but also in bringing them together with the insurer. As the Federal Fiscal Court stated in its ruling of 6 September 2007 (Ref. V R 50/05), the terms insurance agent and insurance broker […]

Value added tax liability for valve solutions

Value added tax in the insurance mediation – current iurisdiction * – Outsourcing, fee-based consulting, tipster, valve model, sales service and support *by Dr. Johannes Fiala, Lawyer (Munich), MBA Financial Services (Univ.), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), Banker ( and Dipl.-Math. Peter A. Schramm, expert for actuarial mathematics (Diethardt), actuary DAV, publicly […]

Intermediary and sales liability: warning list on the lack of disclosure of annual reports*.

*by Johannes Fiala, Attorney at Law (Munich), M.B.A. (Univ.Wales), M.M. (Univ.), Certified Financial and Investment Advisor (A.F.A.), EC Expert (C.I.F.E.), Banker Karl-Heinz Weber, Dipl.-Kfm., Certified Public Accountant and Tax Advisor, Member of LWSB e.V., Chamber of Tax Advisors Munich, WPK Düsseldorf,IdW Düsseldorf To whom do I entrust my money? In the search for an answer, […]