GERMANY - The Confederation of German Employers' Associations (BDA) and the Association for Company Pension Schemes (ABA) have reacted angrily to the government's proposed Retirement Income Act, set to take effect in January 2005.
The proposals seek to harmonise taxation across the three external pension vehicles, namely direct insurance, Pensionskasse and Pensionsfonds. This would involve moving to the EET model, whereby b...
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