APPLAUS Kultur-Magazin - 27.08.2009
Daniel Schäfer
Roller coasters and Freefall Tower as well as the traditional chair-o-plane fascinate the visitors of the Oktoberfest just like the beer tents do. For more than four years, Daniel Schäfer's photos are dedicated to carnival rides. Since the night sky provides the best framework for the element of riding, overwhelming movement and acceleration, Daniel Schäfer indulges his passion preferably at that time of day. Perfectly on time for the start of the Wiesn, the Bavarian photographer, who lives in Munich and Madrid, shows his photo series "Life Coaster" within the scope of the series "Kunst am Isartor" in the premises of WTS, a German tax consultancy.
applaus.de
JUVE - 24.08.2010
Speculations have come to an end
As announced, besides Berger Steck & Kollegen, another tax and investment law team has left Dewey at the end of July: Dr. Carsten Fischer (34), Dr. Bela Jansen (37) and Dieter Lübbehüsen (51) have joined the tax consultancy WTS World Tax Service. The team also worked closely together with Berger, but has decided against being a part of the new boutique.
juve.de
WirtschftsWoche - 23.08.2010
Half-hearted help
The current vote of the protectors of the constitution shows that also in future a sword of Damocles is going to hang over tax-related investments. "Now as before, the Federal Constitutional Court sticks to its previous opinion", says Marcus Hornig from WTS tax consultancy. "At least, the judges have, however, made clear that the laws shall not be applicable retrospectively for the time prior to their promulgation."
wiwo.de
SteuerConsultant - 06.08.2010
Minimum taxation with regard to trade tax unconstitutional
Although a civil law association only generated losses throughout its existence, a significant amount of trade tax was assessed upon its closing. The reason for that was that losses, which accrued before their assessment in 2006, could no longer be fully settled acc. to Art. 10a GewStG (Trade Tax Act, version of 2004).
Der Platow Brief - 23.07.2010
Transfer market
The tax and private client department of the chancellery Noerr is awaiting a new top management. Stefan Hölzemann, who used to lead the department together with Georg Edelmann, is coming back to Munich at the End of August as chairman of WTS World Tax Service. This was the position he had before he started for Noerr in 2006.
platow.de
Juve - 12.07.2010
Full scale expansion: WTS hires Dewey Team and fiscal law attorney from Noerrs
This gain clearly improves the possibilities of consultation. WTS tries, especially in the department of Asset Management and the linked regulatory and fiscal law topics, to establish itself in the top section of the market with support of the prestigious Dewey team. In areas such as investment and investment tax law the company was hardly represented, in particular, topics concerning regulatory questions were not covered by WTS. “We do not want a comprehensive legal consultation, in single areas, however, it is necessary to cover the regulatory area, too.”, said Fritz Esterer (51), board chairman of WTS.
juve.de
dpa - 12.07.2010
WTS Group joins the premier league in Corporate Tax Law and Asset Management
“These new team members are highly experienced and come from leading law firms. With them on board, WTS will join the ranks of elite consultancy firms in the fields of Asset Management, Fiscal Transaction and Structural Consultancy”, says Fritz Esterer, Chief Executive Officer of WTS AG. Over the last few years, Stefan Hölzemann, one of the leading corporate tax lawyers in Germany, has achieved an outstanding reputation in matters of tax consultancy in large-scale international transactions. As a member of the Board of Directors of WTS AG in Munich, he will also be jointly responsible for the field of Transaction and Structural Consultancy.
Süddeutsche Zeitung - 02.06.2010
"The slackness is resolved"
Investors, who fear the highly obscure Brazilian bureaucracy, are advised to search for local partners by Fernando Zilveti from the fiscal law corporation WTS do Brasil. In particular the taxation system is very confusing due to the federalism. Corruption, however, is under control thanks to the transparency law. And the presidential election in autumn? That is no big problem anymore, according to Zilveti. “The candidates only distinguish in their rhetorical style” sueddeutsche.de
Juraforum- 30.04.2010
WTS: Constitutional challenge concerning minimum taxation for trade tax purposes
Representing the corporation as the plaintiff, WTS considers the trade tax assessment in accordance with § 10a GewStG (Trade Tax Act) as amended in 2004 in this case as a potential offense against the objective net principle. “It was not possible to offset the losses accumulated before the assessment in 2006 in full. This is why in this case the minimum taxation is in fact a capital-based taxation", explains Peter Jung, tax consultant and partner at WTS.
juraforum.de
HR Services - 29.04.2010
The HR RoundTable – Industry network celebrates its seven-year anniversary
Let us whet your appetite: What allows us to invite you to participate in the HR RoundTable and treat you to a free buffet lunch is the great support of our partners who have fully identified with our network’s goals from the very beginning. In Düsseldorf these are the tax consulting firm WTS – World Tax Service – and the law firm Simmons & Simmons, which also supports our activities in Frankfurt, together with RSB Germany.
Journal München - 22.04.2010
Pleasant new venue: Cultural hotspot in downtown Munich
Since early March, a building right in the heart of Munich has turned into a popular destination for art lovers: This is where WTS, one of Germany’s leading tax consulting companies, shows works by young artists from the region and promotes the creative exchange between artists, visitors, clients, and employees. “We have decided to leave the world of numbers with our cultural commitment,” explains Fritz Esterer, Managing Director of WTS. “This step is not only about serving as a patron of the arts. We want to interact directly with society and accept public responsibility.”
muenchen-journal.de
Financial Times Deutschland - 10.03.2010
Kingdom of Greed
Often enough, international companies – and German companies among them – encounter unexpected tax hurdles in Asia. Attracted by high growth rates, many companies have invested in India or China – only to find out that they are liable to pay rather exotic charges. Despite the double taxation agreements Germany has concluded with both countries, there is still considerable potential for conflict. The reason: “The double taxation agreements are interpreted differently,” explains Fritz Esterer, Managing Director of tax consulting firm WTS.
ftd.de
Capital - 05.03.2010
Already 4,000 voluntary disclosures
Germany’s tax authorities are drowning in a flood of amended tax returns. According to estimates by tax consulting firm World Tax Service (WTS), about 4,000 voluntary disclosures have been made since the first tax dodger CDs turned up.
capital.de
Financial Times Deutschland - 04.03.2010
Number of repentant tax dodgers increasing
Germany’s tax authorities are drowning in amended tax returns. According to estimates by tax consulting firm World Tax Service (WTS), the number of voluntary disclosures has reached about 4,000 since authorities were offered the first CDs listing alleged tax evaders.
JUVE Rechtsmarkt - 03.2010
Title with added benefit
It has been two years since Germany made it legal for tax consultants employed at industrial companies to use their title. “We have long fought for the introduction of the title of General Counsel,” says Fritz Esterer, first President of the General Counsel Tax Consultant Day, who served as the head of Siemens’ tax accounting department before joining tax consulting company WTS as Managing Director a few months ago. (JUVE 06/09).
Wirtschaftswoche - 22.02.2010
Germany to reform community budgets deeply in the red
“Trade tax is a German thing,” says Fritz Esterer, Managing Director of tax consulting firm WTS and a member of the tax committee of the Federation of German Industries BDI. The German particularity is not considered in double taxation agreements, explains Esterer. So multinational companies can only offset taxes paid abroad against the German corporate tax but not against the trade tax. As a result, tax burdens of 40 percent are not unheard of. This is “a dramatic disadvantage for German companies in the global market,” says the tax expert.
wiwo.de
wiwo.de - 15.02.2010
Voluntary disclosure: Exit strategy for tax evaders
German tax authorities estimate that in Switzerland alone the total could amount to about 400 billion Euros. Many tax evaders are now looking for an exit strategy that allows them to acquit themselves and be able to enjoy their remaining assets peacefully at home. So what should they do? Tax attorney Tom Offerhaus of World Tax Service WTS “strongly advises filing an amended tax return immediately” and explains the most important steps.
wiwo.de
Wirtschaftswoche - 15.02.2010
Tax fraud investigation: Voluntary disclosure as the only option
There will be no further amnesty for tax evaders. Politicians are tightening the noose. And repentant tax dodgers only have one way out: a voluntary disclosure that guarantees exemption from penalties.
wiwo.de
wallstreet-online - 09.02.2010
Tax attorney advises owners of Swiss accounts to make voluntary disclosures
At present, German taxpayers with undeclared bank accounts in Switzerland as well as other countries such as Liechtenstein, Austria or Luxemburg are worried. Offerhaus: “This is exactly what the government wants. But Mr. Schäuble’s statement has given a clear signal that it is still possible to get off without being charged for tax evasion.”
wallstreet-online.de
VWD News - 09.02.2010
Tax attorney advises owners of Swiss accounts to make voluntary disclosures
Speed is key when it comes to voluntary disclosures. According to Dr. Offerhaus, the name of a taxpayer on a data CD obtained by the German tax fraud investigation squad does not constitute the detection of an offense. The detection of an offense legally requires the comparison of the obtained data with the personal tax returns of the taxpayer in question.
vwd.com
Focus Money Online - 09.02.2010
Tax attorney advises owners of Swiss accounts to make voluntary disclosures
Dr. Offerhaus is convinced that the current indiscretions will affect bank clients in all of Germany, not only those in North Rhine-Westphalia, Baden-Württemberg and Bavaria. He also deems it possible that bank employees worried about being charged with aiding and abetting tax evasion might agree to cooperate with the fiscal authorities.
focus.de
Hannoversche Allgemeine - 09.02.2010
Tax attorney advises owners of Swiss accounts to make voluntary disclosures
In light of the current developments, what should you do if you worry about your neglect to report investment income generated in Switzerland? “In such a case we can only advise to make a voluntary disclosure immediately,” says Dr. Offerhaus. “Tax evasion is the only criminal offense which you can ‘undo’ through disclosure.”
haz.de
Merkur Online - 09.02.2010
Tax attorney advises owners of Swiss accounts to make voluntary disclosures
As a rule, tax evasion amounting to one million Euros or more will lead to a prison sentence without the option of probation, according to a ruling of the German Federal Court of Justice of December 2008. In the case of an exceptionally severe offense, a maximum prison sentence of up to ten years can be imposed. At the very least, the offender must be prepared to pay considerable fines on top of the back taxes.
merkur-online.de
Abendschau Bayerisches Fernsehen - 09.02.2010
Tax dodger CDs: Playing against the clock
News feature with Dr. Tom Offerhaus.
br-online.de
Juraforum - 08.02.2010
Tax data CD: Tax attorney advises owners of Swiss accounts to make voluntary disclosures
“Due process or not, politicians do not have a choice but to at least seriously consider purchasing the stolen bank data,” says Dr. Tom Offerhaus, attorney and partner at World Tax Service WTS in Munich. “If the government categorically refused to negotiate with the anonymous data traders, all those people who did not correctly file their taxes in the past would feel safe.”
juraforum.de
Steuerberater Magazin - 01.02.2010
Tenth anniversary of World Tax Service
The Munich-based tax consulting firm World Tax Service AG (WTS) celebrated its tenth anniversary in January. To coincide with the anniversary, WTS announced new joint ventures with tax consulting firms in Mumbai and Delhi, India. This is WTS’s third presence in Asia, following a subsidiary in China with offices in Shanghai and Beijing as well as a WTS branch in Taiwan. According to WTS experts, the Indian fiscal system poses particular challenges to foreign companies as it involves a multitude of mainly indirect tax types unrivaled by most countries.
nwb.de
Die Welt - 17.01.2010
Anniversary gala
The tax consulting firm World Tax Service, WTS in short, celebrated its anniversary gala at the Munich Residenz. Munich-based WTS has been working for companies like MAN, Siemens or Epcos for ten years now.
welt.de
Recyclingportal - 13.01.2010
Eastern Europe, India, China: Tax consulting abroad
The demand for international tax consulting services is growing faster than ever. The more globally oriented a client’s operations, the greater the demand on tax consultants to be cosmopolitan. Following the establishment of a subsidiary in China and a branch in Taiwan, Munich-based World Tax Service WTS has now opened a third Asian presence in India.
recyclingportal.eu
Juraforum - 12.01.2010
German tax consulting firm WTS expands operations in Asia
Last Tuesday, WTS announced a new joint venture with tax consulting firms in Mumbai and Delhi, India. From now on, German companies can draw on the expertise of ten highly qualified WTS tax specialists in India with long-standing experience in providing tax consulting services to German investors in India. Mumbai and Delhi are strategically crucial locations as most European companies settle in these urban centers. WTS’s presence in China has been expanded as well: Complementing the Shanghai location, WTS has set up a new office in Beijing. In 2009, WTS employed a workforce of over 400 staff, making it one of Germany’s largest companies in its field.
juraforum.de
Nationally in the 3 pm news - 12.01.2010
Tax consulting services for German companies in Asia
News feature by Alexander Tauscher including a statement by Fritz Esterer, Managing Director of WTS AG. Download: WTS Alexander Tauscher for BLR Nachrichten
haufe.de - 21.12.2009
Business trips: Taxman charging twice for breakfast
The Growth Acceleration Act has been ratified by the Upper House of the German Parliament in December, causing employers quite a bit of extra work in 2010, especially when it comes to expense reports for business trips. As World Tax Service WTS has announced, fiscal authorities are going to charge twice for hotel breakfast from January on.
haufe.de
handwerkermarkt.de - 20.12.2009
Taxman to join you for your hotel breakfast
Frequent business travelers might lose their appetite next year. As World Tax Service WTS has announced, fiscal authorities are going to charge twice for hotel breakfast from January on. This is one of the effects of the Growth Acceleration Act ratified by the Upper House of the German Parliament last Friday. The reason is the lowered VAT of 7 percent for the hotel and restaurant industry. However, this rate will only apply to accommodation, not to breakfast service ...
handwerkermarkt.de
property magazine - 06.12.2009
Effects of the Growth Acceleration Act on the real estate industry
Last Friday, the Lower House of the German Parliament ratified the Growth Acceleration Act by open ballot. According to a WTS report, the following corporate taxation measures will take effect with its commencement on 01 January 2010...
property-magazine.de
finanzfakten.de - 27.11.2009
Taxes: What’s good for medium-sized companies? Interview with WTS MD Fritz Esterer: "Tax authorities can accelerate the upturn among medium-sized businesses"
Fritz Esterer, Managing Director of WTS since July 2009, tells our reporter which tax measures could help medium-sized companies in Germany. World Tax Service WTS is an internationally active tax consulting firm with a workforce of 400 people in around 90 countries worldwide.
finanzfakten.de
boerse-go.de - 25.11 2009
WTS opens conference center for tax consultants in downtown Munich
The top priority is the people, followed by functionality and architectural details. Elegant, unobtrusive, but always with a strong presence: This is the concept behind the new conference center.
boerse-go.de
ptext.de - 25.11.2009
WTS opens conference center for tax consultants in downtown Munich
World Tax Service WTS opened its state-of-the-art conference center last Wednesday night in a great location in downtown Munich. The completely remodeled and technically sophisticated space, formerly used by the municipal savings bank, has been transformed by the internationally active tax consulting firm into a 700 square meter venue for top of the line customer seminars, conferences and training sessions.
finanznachrichten.de - 25.11.2009
WTS opens conference center for tax consultants in downtown Munich
A building in downtown Munich formerly used by the municipal savings bank has been reopened as World Tax Service WTS’s new conference center. The internationally active tax consulting firm has transformed the premises into a 700 square meter venue for top of the line customer seminars, conferences and training sessions.
finanznachrichten.de
bankkaufmann.com - 25.11.2009
Product piracy causes 300 billion Euros in damages: AWR Fall Conference deals with matters of European customs and foreign trade legislation
According to Fritz Esterer, Managing Director of WTS AG, "many companies increasingly worry about customs issues affecting their import and export activities. They are encountering a number of changes in material and procedural matters in customs and foreign trade legislation in the EU.” At the same time, trade with third-party countries is on the rise. “There are always new challenges in customs law, and subsequently a number of open questions."
bankkaufmann.com
presseportal.de - 25.11.2009
WTS opens conference center for tax consultants in downtown Munich
The new conference center in downtown Munich will frequently host art exhibitions, making the WTS Group headquarters a new cultural hotspot for businesspeople right in the heart of Munich.
presseportal.de
wallstreet-online.de - 25.11.2009
WTS opens conference center for tax consultants in downtown Munich
Currently World Tax Service WTS briefs clients on matters such as the anticipated Growth Acceleration Act at the new conference center
wallstreet-online.de
bankkaufmann.com - 25.11.2009
WTS opens conference center for tax consultants in downtown Munich
Clients of the internationally active tax consulting firm World Tax Service WTS can take advantage of the 700 square meter facility, a perfect venue for seminars, conferences and training sessions.
bankkaufmann.com
presseportal.de (News aktuell) - 17.11.2009
WTS AG interview: "Tax authorities can accelerate the upturn among medium-sized businesses"
Interview with Fritz Esterer. Since July 2009, Fritz Esterer has been Managing Director of World Tax Service WTS, an internationally active tax consulting firm with a staff of over 400 people and offices in about 90 countries worldwide. Before joining WTS, Fritz Esterer spent 13 years as head of the tax department of the Siemens Group.
presseportal.de
direktbroker.de - 05.11.2009
Product piracy causes 300 billion Euros in damages
At the external borders of the European Union, almost 100 million cases of counterfeiting and piracy are detected annually. Global damages arising from piracy are estimated to amount to 300 billion Euros a year. The AWR Fall Conference takes place in Munich on 5 and 6 November 2009. WTS AG is a sponsor of the event.
direktbroker.de
Financial Life Magazin - 05.11.2009
Product piracy causes 300 billion Euros in damages: AWR Fall Conference deals with matters of European customs and foreign trade legislation
The fight against counterfeiting and piracy as well as key regulations of the European customs legislation and export controls are top priorities on the agenda of the Fall Conference of the German Association for Foreign Trade (AWR).
flife.de
