On 18 December 2012, students from the Bachelor’s degree programme in Business Administration at Ludwig-Maximilians-Universität (LMU), Munich presented their seminar papers at the University of Liechtenstein, under the supervision of Professor Martin Wenz. The seminar in Tax Management, which was held for the third time, was organized in the scope of the partnership between the two universities.
The seminar focused on tax relations with other countries according to the German Foreign Tax Act (AStG). The students worked on topics related to the functions and objectives of the German Controlled Foreign Corporation Tax and the implementation of the Authorized OECD Approach (AOA) in German tax law. Special emphasis was placed on the taxation of foreign family foundations in Germany, especially in relation to their transparent versus intransparent treatment, the attribution of income versus proceeds to founders and beneficiaries residing in Germany, as well as the European discussion about the adjustment of the AStG’s 15th paragraph by the 2013 Annual Tax Act (JStG). Furthermore, the transfer-package approach in the scope of relocations of functions as well as the exit tax were critically analysed using practical examples.
The seminar papers were prepared under the supervision of Simon Busch (LL. M.) and Bernhard Brielmaier (Dipl.-Kfm.), both from the Chair for Tax Management and the Laws of Liechtenstein and International Taxation at the University of Liechtenstein in Vaduz, and by Peter Listl (MSc), from the Institute for Tax Management at the Munich School of Management at LMU, Munich. The seminar is very popular among the LMU students and strengthens the good partnership between the two universities in the area of taxation.
LMU Munich is one of the leading universities in Europe and dates back more than 500 years. It comprises 18 faculties with over 150 subjects and countless possible combinations in all kinds of academic fields – from humanities and culture to law, economics and social sciences as well as medicine and natural sciences. Currently, around 49,000 students, of which 14 per cent are international students, are taking advantage of this offer. They are part of an expansive international network, which also includes the University of Liechtenstein.
