Income Taxation in the United States and Germany: The Rugged Individualist Meets the Social Activist (Part 2)
Author: Walter Schwidetzky, J.D., M.B.A., LL.M..; Dr. Rolf Eicke .
Source: Volume 28, Number 01, Fall 2010 , pp.41-88(48)
< previous article |next article > |return to table of contents
Abstract:
This second installment of a comprehensive two-part article contains a detailed comparison of the United States and German income tax regimes as they affect myriad business and investment activities, including consideration of capital gain and loss rules, loss limitation rules generally, rules affecting carryover of unused losses, the treatment of dividend and interest income, and limitations on the deductibility of trade or business expenditures.Keywords: Income, tax expenditures, employee trade or business expenses, home office, fringe benefits, education costs, marriage penalty, divorce, child support, damages, charitable contributions, casualty losses, foreign income, loss limitation rules, hobby
Affiliations:
1: University of Baltimore School of Law; 2: Ernst & Young.