Germany to lower corporate tax rate | 13 comments (13 topical, 0 editorial, 0 hidden)

Re: Germany to lower corporate tax rate (none / 1)

We in the UK have abolished Corporation Tax.

Well, not for Companies, but by creating Limited Liability Partnerships ("LLP's"), which are corporate bodies which can do everything a Company can do - but without the conflicts - and without themselves paying tax.

Instead, LLP Members pay tax in respect of the revenues or gains that flow through the LLP to them..

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Fri Mar 16th, 2007 at 08:08:31 PM EST
[ Parent ]

Re: Germany to lower corporate tax rate (none / 0)

but this is true for partnerships and sub chapter S in US as well.

can these LLP's raise money in the public markets--equity and debt?

by wchurchill on Sat Mar 17th, 2007 at 03:22:40 AM EST
[ Parent ]

Re: Germany to lower corporate tax rate (none / 1)

And of course LLC's.

Debt, why not? If it's been done by a UK LLP, I haven't seen it.

As for "Equity", I am sure that has not been tried, but of course proportional "Equity Shares" are exactly what I am suggesting could be an optimal new "asset class", with more in common with units in a Canadian Income Trust than anything else.

Inside an LLP is a very strange twilight zone in accounting terms: a Member has an account with an LLP, and "Equity" and "Debt" are essentially continuous.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sat Mar 17th, 2007 at 08:30:29 AM EST
[ Parent ]

Germany to lower corporate tax rate | 13 comments (13 topical, 0 editorial, 0 hidden)

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