Private equity funds in Germany will benefit from tax reforms that will kick-start a market worth nearly €600bn ($537bn) over the next 10 years, according to a new report.
A study by Commerzbank on German tax reform, subtitled "You change tax, you change everything", highlighted the importance of wholesale revision to Germany's tax system. This includes the removal of capital gains tax from 2002 and the reduction of personal income and corporate tax rates.
