German tax reforms encouraging

Professional Adviser
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Gartmore sees plenty of opportunity in Europe as corporate restructuring and tax reforms alter the m...

Gartmore sees plenty of opportunity in Europe as corporate restructuring and tax reforms alter the markets. Stephen Jones, the group's head of European equities, admitted many investors might well be cynical as fund managers had promised reform for the past five years but argued benefits are now beginning to come through. He said: 'Capital gains tax (CGT) in Germany is now at 0%. The Germans are the leaders in tax reform, something that would not have been thought possible a few years ago.' Jones said many German companies had a core business but had acquired a rag bag of rubbish that...

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