Article
Tax and legal departments: Responding to the challenges ahead
What can Tax & Legal functions do to mitigate the impact of the economic challenges that lie ahead? We present concrete measures that can be taken in response to the emerging crises.
Current situation
The German economy is in a difficult situation following Russia’s invasion of Ukraine, the associated energy crisis, very high inflation and rising interest rates. In addition, the current situation is accompanied by an economic downturn in many other regions of the world, especially in the USA and China. The impact of the downturn differs from industry to industry. Export-oriented industries with high energy intensity, such as chemicals, machinery, and automotive, are affected the most. Supply chain issues and headwinds from the international markets are the main issues in this segment of the economy.
Consumer-related industries such as consumer goods and retail will be affected by the severe squeeze on household incomes and inflation rates. Therefore, pricing policies and new offers for more price-conscious consumers are on the agenda in the consumer sector. Last, but not least, the turnaround in monetary policy and rising interest rates hit companies across the board. New capital becomes more expensive, threatening some business models and changing the investment calculus for all companies.
What can Tax & Legal departments do?
Considering the different challenges that companies are facing depending on their individual situation, there is a number of tax strategies available to cope with increasing pressure on profitability and liquidity. Our Tax & Legal experts have compiled measures and recommendations in a brochure that can help you master the challenges and seize opportunities in this complex environment.
Download the full brochure here for more information.
Separate chapters for download
Would you like a brief and compact overview of the individual topics? In the further course, you can download the separate chapters as PDFs:
- Corporation Tax => Download PDF
- Value Added Tax => Download PDF
- Energy Tax/Electricity Tax => Download PDF
- Employer and Mobility Taxes => Download PDF
- Customs and Excise => Download PDF
- Transfer Pricing => Download PDF
- Transfer Pricing of Financial Transactions => Download PDF
- Legal => Download PDF
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