Automatic exchange of information with Turkey – Voluntary declaration for tax evasion

Automatic exchange of information with Turkey – Voluntary declaration for tax evasionTurkey is the latest country to sign up to the automatic exchange of information as part of efforts to combat cross-border tax evasion. It is still possible to submit a voluntary declaration for tax evasion. There are now more than 100 countries participating in the automatic exchange of (financial) information...

BFH on taxable income from interest in connection with transfer of house along with plot of land in return for annuity payments

BFH on taxable income from interest in connection with transfer of house along with plot of land in return for annuity paymentsAccording to the Bundesfinanzhof (BFH) – Germany”s Federal Fiscal Court – transferring a plot of land at a discount in the context of anticipated succession in return for annuity payments gives rise to taxable income from interest. The scenario is not...
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