Press releases

Munich, 2016-10-20

New study addresses Brexit impact on the German economy

Pharmaceutical and transport sectors particularly at risk

Some sectors of German industry may have to brace for a substantial drop in revenues due to Brexit. Overall, the UK’s impending departure from the EU will affect German foreign trade less than it will other economies, especially Germany’s neighbours Belgium, Switzerland and the Netherlands. These are the findings of an initial analysis included in the latest Country Index for Family Businesses, which the Centre for European Economic Research (ZEW) in Mannheim carried out on behalf of the Foundation for Family Businesses.

Munich, 2016-09-22

“Nightmare of prolonged legal uncertainty avoided”

The Foundation for Family Businesses on the outcome of conciliation proceedings on inheritance tax reform: “Nightmare of prolonged legal uncertainty avoided”

“The agreement reached yesterday in the conciliation proceedings will save family businesses from the nightmare of a prolonged period of legal uncertainty regarding the transfer of company assets from one generation to the next. It will also save politicians the embarrassment of having Germany’s Federal Constitutional Court take the law-making process out of their hands.” That was the response of Prof. Rainer Kirchdörfer, a member of the Executive Board of the Foundation for Family Businesses.

Berlin, 2016-06-10

The Foundation for Family Businesses: more respect for economic freedom

Prof. Hennerkes at the German Family-Business Day

“The grand coalition is neglecting economic freedom,” said Prof. Brun-Hagen Hennerkes, Chairman of the Executive Board of the Foundation for Family Businesses. Speaking before 400 business owners at the Foundation’s German Family-Business Day in Berlin, Prof. Hennerkes also said that citizens as economic entities were increasingly being treated with blanket suspicion.

Munich, 2016-06-06

Income inequality: decrease during last decade

facts, figures and perceptions

Employment income inequality in Germany has decreased over the last decade. Contrary to what many claim, the gap between rich and poor has not widened. These are the results of a study entitled “Trend in income inequality: facts, figures and perceptions”, carried out by Germany’s Ifo Institute for Economic Research on behalf of the Foundation for Family Businesses. Commenting on the results of the study, Prof. Rainer Kirchdörfer, a member of the foundation’s Executive Board said: “This fact is highly relevant for family-owned businesses.”

Munich, 2016-03-01

Higher tax rates for large family businesses

The ifo Institute, on behalf of the Foundation for Family Businesses, determined the tax contribution of family businesses for the first time. Accordingly, the 500 largest family businesses have had to pay an average of 28 percent income tax on their profit, taking only corporation tax, trade tax and capital gains tax into consideration. For non-family controlled DAX companies, a significantly lower rate of 25 percent can be assumed.