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International Private Tutoring: Tutors International Issues Advice to German Residents Concerned About Exit Tax Changes

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News provided by

Tutors International

06 May, 2021, 10:02 GMT

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High net-worth individuals planning on emigrating or moving their business overseas as a result of tightening exit taxes should consider a full-time private home tutor for their family.

OXFORD, England, May 6, 2021 /PRNewswire/ --  On 24th March 2021 the German Government approved a draft bill to implement an Anti-Tax Avoidance Directive (ATAD) that incorporates a tightened exit tax.

Michael Shaw's article for the law firm, Macfarlanes, summarizes:

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German residents concerned about exit tax changes should consider private home tutors if emigrating.

"German law already imposes an exit tax on any inbuilt gain in the value of substantial shareholdings when the owner leaves Germany or gives shares to someone outside Germany. To date, the charge has generally been deferred until the shares are sold, if the transfer is within the EU, in a nod to the freedom of movement of capital doctrine.

"Under new proposals to implement the EU Anti-Tax Avoidance Directive (ATAD), the tax would become due immediately, albeit payable over seven years, even if the transfer is within the EU. The Directive is likely to cause other EU countries to look at this point as well."

One Twitter user vocalises their frustration at the proposed changes, saying it has given them "one more reason to leave":

One Twitter user, @SatsTonight, vocalises their frustration at the proposed changes, saying it has given them "one more reason to leave".

The prospect of increased taxation on businesses, should they wish to move in the future, will expedite the relocation of many businesses and business owners before this has the potential to affect them. The new rules will come into effect in January 2022, meaning the decision to move businesses (and potentially families) to avoid the impact of ATAD changes, is governed by an element of urgency.

These exit tax changes will chiefly affect High Net-Worth (HNW) and Ultra-High Net-Worth (UHNW) individuals, and those with global businesses and multiple international places of residence. This demographic is Tutors International's client base. Tutors International is an elite private tutoring company. They provide first-rate residential tuition to HNW families.

In a time where many of these HNW families will be planning significant changes to where they live and work, the last thing parents and guardians want is disruptions caused by upheaval and relocation affecting their child's education. Full-time international private tutoring is the solution. A high-quality private home tutor provides stability and first-rate education during these periods of change. Residential private tutors facilitate flexibility in their ability to teach their students. They are able to adapt to the environment and lifestyle of the family with which they are placed.

Tutors International specialise in this kind of tailored tuition. Their select clientele requires personalised world-class educators that work with their lifestyle and honour superlative standards.

Tutors International was founded on the unique premise of matching the perfect private home tutor with each Client, conducting customised global searches per individual Client enquiry.

Founder and CEO of Tutors International, Adam Caller, offers his advice:

"There will no doubt be many German business owners considering their options in light of tightening exit taxes. For many, it could mean moving their business and their families to an alternative international home. This should not mean disrupting the education of children, and with full-time international private tutoring, it doesn't have to. Tutors International specialise in high-end custom residential tutoring. This means we find the best private home tutor in the world to suit your family. Depending on individual circumstances, they can live in or be full-time but in an off-site place of residence, and can travel wherever work or life takes you. It's the ultimate stabiliser for children's education.

"It's important to acknowledge that this issue is not unique to Germany. Changes in tax laws around the world, the fallout from COVID-19, and ever-changing geopolitical landscapes all affect decisions about where business owners and their families reside. A private home tutor undergoes these changes and relocations with you."

If you are considering relocating or have a lifestyle that involves frequent travel, get in touch with Tutors International about full-time residential private tutors.

About Tutors International

Tutors International provides an unparalleled tutoring service that matches the right private home tutor with the right child, in order for the student to fully reach their personal potential and academic excellence. Providing an international private tutoring service for children of all ages at different points in their educational journeys, Tutors International is founded on a commitment to finding the perfect tutor to realise the specific goals and aspirations of each student. Tutors are available for residential full-time positions, after-school assistance, and homeschooling.

Founded in 1999 by Adam Caller, Tutors International is a private company based in Oxford, a city renowned for academic excellence. Our select clientele receives a personally tailored service, with discretion and confidentiality guaranteed.

Contact Details
Web: www.tutors-international.com 
Email:marketing@tutors-international.com 
Phone: +44 (0) 1865 435 135
Tutors International
Clarendon House
52 Cornmarket Street
Oxford
OX1 3HJ
UK

Photo: https://mma.prnewswire.com/media/1504628/shutterstock.jpg   
Logo: https://mma.prnewswire.com/media/699064/Tutors_International_Logo.jpg 

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