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No compulsory shareholder identification (in German)
According to the plans of the federal government, listed companies are to be obliged under tax legislation to carry out a shareholder query on the day of the general meeting in order to transmit the resulting data to the Federal Central Tax Office.
We reject this proposal. It is problematic from a legal system point of view and goes beyond the European requirements of the EU Shareholder Rights Directive. Moreover, it burdens issuers with considerable additional costs and will bring no additional benefit to either the tax authorities or the companies.
Position papers
Corporate governance and company law
Contact
Dr. Gerrit Fey
Head of Capital Markets Department
Tel.+49 69 92915-41
fey(at)dai.de