the estimate of the business tax exemption needed to be revised
The notification refers to the exemption from business tax.
In view of the fact that the procedure was initiated in respect only of business tax and not of property tax and corporation tax, this Decision covers only business tax.
Since then, the business tax has been based solely on fixed assets.
Since then, business tax has been based solely on fixed assets.
Clarification on trade tax under the MoRaKG
Observations by third parties on trade tax
Existence of State aid in the trade tax measure
However, the Land of Hessen is not subject to trade tax.
On the other hand, partnerships which are engaged in trading activities are subject to trade tax.
WestLB was subject to neither property tax (Vermögenssteuer) nor tax on business capital (Gewerbekapitalsteuer) on the transferred capital.
The three LTS are exempt from corporation tax, property tax and tax on business capital.
Similarly, the exemptions from taxes on business capital and on property are limited to the housing promotion business.