Taxation of Distributions from an 401(k) to an individual Resident in Germany
In its decision dated August 9, 2018, the Fiscal Court of Cologne (Finanzgericht Köln) held that for German residents taxation should be limited to...
FG Münster: Deed of Variation not recognized in Germany for Inheritance and Gift Tax Purposes
The Tax Court of North Rhine-Westphalia (Finanzgericht Münster) has held on 12 April 2018 , that German inheritance tax cannot be avoided or reduced...
Estate Tax: Effect of the Tax Cut and Jobs Act on German Domiciliaries
On December 22, 2017, Public Law 115‑97 ("Tax Cuts and Jobs Act") was enacted. Sec. 11061 of the Act more than doubles the estate and gift tax...
German Inheritance Tax - Update 2017
The General Tax-free Exemption and Tax Rates of the German Inheritance Tax 2017
The personal tax-free exemption (§ 16 ErbStG) and the Tax Rates (§ 19...
U.S. Tax Court: German Who Gave Up U.S. Residency Liable for Exit Tax
The case involved a German national, Mr. Topsnik. Mr. Topsnik was born in Germany and moved to the U.S. obtaining a green card and residency status in...
New Regulations Change Withholding Requirements for Dispositions of U.S. Real Property
The IRS has issued regulations pursuant to the Protecting Americans from Tax Hikes Act (“PATH”) that make changes to the income tax withholding...
Michael Jackson and US-Federal Estate Tax
The increase in the estate tax threshold to $5.25 million has significantly decreased the estates captured by the U.S. estate tax. The IRS reported...
ECJ Rules that the German Inheritance Tax Act Violates European Law
This summer we reported on the Advocate General’s opinion on the matter Yvon Welte v. Finanzamt Velbert. The matter concerns the question as to...
Glossary
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