The European Commission has announced that it is launching infringement proceedings against Germany over its implementation of a ruling by the European Court of Justice on how the country taxes inheritances. The court had ruled that Germany’s tax rules discriminated against foreign inheritors. The Commission is now sending a letter of formal notice to Germany, giving the country two months to respond. If Germany does not take appropriate action to comply with the court’s ruling, the Commission may escalate the case further.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
