On 27 October 2009, members of the U.S. House Ways and Means and Senate Finance Committees introduced the Foreign Account Tax Compliance Act of 2009. The Bill is intended to make it more difficult for foreign assets of U.S. persons to be hidden from the U.S. Internal Revenue Service.
As from 1 January 2010, the entry into force of a new set of VAT rules in the European Community, also referred to as the "VAT package", could represent one of the most important changes to the EU VAT system since the launch of the Single Market in 1993.
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Allen & Overy LLP has advised Dutch Kuiken Group on the sale of its German subsidiary Könicke Baumaschinen GmbH & Co. KG to Swedish Lantmännen Group. The completion of the transaction is subject to approval of the antitrust authorities. The parties have agreed not to disclose the purchase price.
Allen & Overy LLP has advised the steering committee of the Merckle Group banks (Commerzbank AG, Deutsche Bank AG, Landesbank Baden-Württemberg, Landesbank Hessen-Thüringen and The Royal Bank of Scotland plc) in connection with the restructuring of the Merckle Group.
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Head Of German Tax
Partner, Eugen Bogenschütz is a certified public accountant (Wirtschaftsprüfer) and certified tax advisor (Steuerberater) in the Frankfurt office of Allen & Overy LLP. His practice areas include tax advice on international corporate tax planning, mergers and acquisitions, structured finance, capital market transaction, transfer pricing and tax litigation.
Partner
Dr Asmus Mihm is a German Rechtsanwalt and qualified tax lawyer. His practice focuses on the tax structuring of complex cross-border financings and the development of new products for the finance industry. He is also experienced in structuring cross-border M&A transactions and advises multinationals on tax-efficient cross-border structuring.
Partner
Dr Gottfried E. Breuninger, a German Rechtsanwalt, joined Allen & Overy as a partner in October 2008. He specialises in national and international corporate tax law, with a particular focus on M&A transactions and post-acquisition structures, tax-driven restructurings and the tax structuring of hybrid and cross-border financings.