(Denied) Tax Neutrality of Capital Repayments – The Hidden Introduction of Taxation of Capital? - Financial Yearbook 2019

In recent years, the taxation of private equity funds and their shareholders who are taxable in Germany has increasingly moved into the centre of attention of the fiscal authorities. Tax audit divisions have set up specialised teams with corresponding personnel reinforcement, which are intensively trained internally by more experienced auditors with regard to the peculiarities of private equity structures.