751-Sabar Institute Of Management, Tajpur - Gujarat Technological ...
751-Sabar Institute Of Management, Tajpur - Gujarat Technological ...
751-Sabar Institute Of Management, Tajpur - Gujarat Technological ...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Legal Framework summary:<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Independent judicial system with hierarchy of courts on state and central levels<br />
Comprehensive legal structure (influenced by EU and international law)<br />
Administration of justice is divided into five branches: ordinary, administrative, social,<br />
and financial<br />
Strong business, investment and trade freedom (Ranked 26 th in the Wall Street Journal’s<br />
2012 Index of Economic Freedom)<br />
German law does not differentiate between foreigners and Germans when it comes to<br />
investments or establishing companies<br />
Loopholes in taxation system lead to huge revenue losses for government<br />
Tax evasion by hiding money in Switzerland or Liechtenstein (German government paid<br />
for CDs with data on tax evaders)<br />
Tax evasion treaty with Switzerland still pending (Federal Council of Germany did not<br />
approve it in November 2012)<br />
Treaties with other tax havens needed to overcome loopholes<br />
Cut in government subsidies especially in the renewable energy sector complicates<br />
business<br />
28