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Municipal Trade Tax In Germany
In Germany the municipal trade tax (German: ''Gewerbesteuer'', ''GewSt'') is levied as a trade income tax on the objective earning power of a business. For this purpose a trade income is determined for municipal trade tax purposes, which regularly results in a municipal trade tax assessment amount of 3.5% of the trade income. The municipality entitled to levy the tax must levy the municipal trade tax at least in the amount of twice the measured amount ( minimum assessment rate: 200%). Until 1997 the trade capital tax was used to tax the substance of a business, irrespective of its income. Since then, it has only been used in the profit additions, which include certain financing costs in the municipal trade tax assessment base. With the 2008 German corporate tax reform, this component was expanded to stabilize municipal trade tax revenue. The municipal trade tax is the most important original source of revenue for municipalities in Germany. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimum Assessment Rate
In mathematical analysis, the maximum and minimum of a function (mathematics), function are, respectively, the greatest and least value taken by the function. Known generically as extremum, they may be defined either within a given Interval (mathematics), range (the ''local'' or ''relative'' extrema) or on the entire domain of a function, domain (the ''global'' or ''absolute'' extrema) of a function. Pierre de Fermat was one of the first mathematicians to propose a general technique, adequality, for finding the maxima and minima of functions. As defined in set theory, the maximum and minimum of a set (mathematics), set are the greatest and least elements in the set, respectively. Unbounded infinite sets, such as the set of real numbers, have no minimum or maximum. In statistics, the corresponding concept is the sample maximum and minimum. Definition A real-valued Function (mathematics), function ''f'' defined on a Domain of a function, domain ''X'' has a global (or absolute) m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
