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Tax code pushes German cash here.

Publication: The Washington Times
Publication Date: 20-DEC-02 		Format: Online - approximately 596 words
Delivery: Immediate Online Access
Full Article Title: Tax code pushes German cash here.(BUSINESS)(PROPERTY LINES)

Article Excerpt
Byline: Tim Lemke, THE WASHINGTON TIMES

High taxes in Germany, and the possibility of more increases, could lead to more real estate investment here in the United States.

German Chancellor Gerhard Schroeder this week announced plans to introduce a 15 percent capital-gains tax, and under special rules real estate gains would be taxed more than any other investment.

The capital-gains announcement comes on the heels of numerous tax increases instituted by Mr. Schroeder, and news that the government might increase taxes on social security contributions by businesses. The...

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