Tax Court Kassel Lowers Hurdles for Write-Downs of Assets
Hess + Blank specialised tax consultancy and law firm Frankfurt 18.03.2014 (HB18032014GBGT). On February 12, 2014, the Tax Court in Kassel, Germany, ruled that listed securities held in the current assets may be written down to their lower market prices on the balance sheet date, irrespective of the subsequent price development (11 K 1833/10). Facts Hess + Blank represented the plaintiff in this financial court proceeding. The plaintiff, a securities trading firm, had acquired options based on the German stock market index DAX. When the option prices fell, the plaintiff wrote their tax account values down to the market prices on the balance sheet date. The options were sold at higher market prices shortly after the balance sheet date. The German fiscal authorities, relying on administrative directives of the German Federal Ministry of Finance, claimed that write-offs were only admissible to the higher market prices at the time of sale. ...
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Value Investing – Now available to all investors:the Warren-Buffett-method.
PURE Rating GmbH Value Investing for private investors and pros. Company analysis as a financial market letter. Don“t just rely on the fundamental strength of the best companies of the world during periods of turbulence on the stock market. Kassel, 11 April 2013 – PURE Rating is a German rating agency that evaluates all relevant data of companies listed on the stock exchange in order to prepare analyses and financial market letters based on these data. This takes place according to the value investing process and is how thousands of companies, from the most important economic indices of the world, are evaluated. The comprehensive and complex analysis according to the Warren-Buffett-method is available to private investors for the first time. Up until now, only fund management companies have been able to operate on such a sophisticated and high-cost scale. The financial market letters called PURE Index classify the analyzed companies ...
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