Federal Constitutional Court in Karlsruhe Examines Complete Overhaul of German Corporate Inheritance Tax
The Federal Constitutional Court has begun a high-profile hearing on the constitutionality of the current inheritance tax and its extensive exemptions for business assets. A potential overturning of the current tax privileges is causing enormous unrest among family-owned businesses, with economic associations warning that a higher tax burden during generational transitions could threaten the survival of thousands of highly specialized medium-sized enterprises.