Foreign foundations and trusts in light of current financial court rulings

In their article, Dr. Andreas Richter and Dr. Michael Feldner outline the tax classification of foreign foundations and trusts. The classification is carried out in a two-stage process, whereby the first stage involves checking whether there is a comparable German legal entity for the foreign foundation or trust, and the second stage involves the tax classification. In recent years, a wealth of case studies has developed, particularly with regard to the second stage.