endgültige Vermögensverschiebung

20:06 Oct 17, 2023 

And Björn and Phil are probably right when they suggest that the scenario in question is an implied transfer of assets between shareholders that constitutes a taxable gift.

15:27 Oct 17, 2023 

also states transfer of assets.
Backed by the following examples:
The case law of various national courts in Europe illustrates that the Liechtenstein private foundation in particular has drawn suspicion in recent years. There is the general suspicion that it facilitates the wrongful transfer of assets, leading to courts stripping the foundation of its legal capacity.
Nur so kann auch sichergestellt werden, dass bei der Bemessung der Höhe einer zu verhängenden Geldbuße die reale Wirtschaftskraft des gesamten Unternehmens zutreffend berücksichtigt wird und dass die Vollstreckung der Geldbuße nicht aufgrund etwaiger Vermögensverschiebungen zwischen der Muttergesellschaft und ihren Tochtergesellschaften in ihrem Erfolg gefährdet wird. = Only in that way can it also be ensured that, when assessing the amount of a fine to be imposed, the true economic strength of the whole undertaking is correctly taken into account and that the successful enforcement of the fine is not jeopardised by any transfers of assets between the parent company and its subsidiaries.
https://eur-lex.europa.eu/legal-content/en/TXT/HTML/?uri=ecl...

15:09 Oct 17, 2023 

Thanks for all the input. It was a great help.

14:34 Oct 17, 2023 

And Björn and Phil are probably right when they suggest that the scenario in question is an implied transfer of assets between shareholders that constitutes a taxable gift.

<Added>: In fact Louise has already confirmed that.

13:35 Oct 17, 2023 

Indeed, the generic meaning is 'ultimate transfer/reallocation of assets/capital'. The precise EN equivalent term, and specification of the Vermögen not being verschiebt, depends on the context.

13:16 Oct 17, 2023 

"Beispiel: A und B sind zu jeweils 50 % an der C-GmbH beteiligt. Im Rahmen der Gewinnverwendung wird beschlossen, dass 50 % des Gewinns in eine personenbezogene Gewinnrücklage des A eingestellt werden. 50 % des Gewinns werden zur Ausschüttung zur Verfügung gestellt und im Anschluss inkongruent an B ausgeschüttet. Durch diese Gestaltung wird eine Verschiebung von Gewinnen zwischen A und B ausgeschlossen, sodass keine schenkungssteuerlichen Fragen aufgeworfen werden. Eine endgültige Vermögensverschiebung zwischen A und B findet auf der Gesellschafterebene findet nicht statt."
https://blog.otto-schmidt.de/gesellschaftsrecht/2023/02/07/i...

Not a tax guy, so genuine question: Are we still talking about assets here or income?

Else, I often saw the word in connection with Darlehen/loans, where the only source of potential interest was this one (where it says "transfer of capital"):
https://scholarship.law.duke.edu/cgi/viewcontent.cgi?referer...

Best

PS
Else, I can only come up with (re)distribution of (assets), though I'm not sure how well that works.

13:08 Oct 17, 2023 

...transfer of/transferred; not sure about "endgültig."

A "Vermögensverschiebung" is essentially the same as a "Vermögensübertragung":
https://gmbh-gf.de/der-fall-schlecker-vorsicht-bei-vermogens...

I also agree with Andrew, though, that this is a standard German compound used in a variety of contexts, which means that (in German, at least) the word doesn't have a special meaning. It's also used in relation to inheritance, for example, and that's where you can find an explanation of "endgültig":
"Abgeschlossen ist ein Zuwendungsvorgang erst mit der Ausführung der Zuwendung i.S.v. § 9 Abs. 1 Nr. 2 ErbStG. Erst dann ist die Vermögensverschiebung im steuerlichen Sinne endgültig."
https://www.haufe.de/recht/deutsches-anwalt-office-premium/3...

It's not temporary in this case and it "actually happened," which is why I'd suggest something such as "does not constitute an actual transfer of..." in the context given.

What I'm a bit flummoxed by is "Vermögen," for the following reason:

[...]

09:31 Oct 17, 2023 

NO, it isn't - because I said "capital structure re-arrangement" - not "re-arrnging".
You are so quick off the mark to snipe that you can't even accurately repeat the words you purport to criticise.

09:26 Oct 17, 2023 

...er no, it isn't; " capital restructuring" quite simply. But then, when does AMM ever say in two words what you can say in six??

08:39 Oct 17, 2023 

"Needless to say, endgültig is once-and-for-all, definitve or peremptory,( 'definitive,' yes, the other two, no) rather than decisive (maßgeblich or maßgebend)( these mean 'relevant', in the sense of 'authoritative') and 'shifting' is incongruous journalistic or colloquial usage"???? Really?? No, the only incongruity around here is AMM's understanding of the word ' shifting', which is a word which doesn't even appear here. What does appear in my version is the noun ' shift', not the adjectival gerund. And nowhere in the given context is there any mention of any financil restructuring or re-arranging.

07:45 Oct 17, 2023 

Thanks to all of you for your input so far. Yes, the context that philgoddard gave is implied.

07:39 Oct 17, 2023 

Entscheidend ist, dass die Leistung des Gesellschafters nicht zu einer endgültigen Vermögensverschiebung zugunsten der Mitgesellschafter führt.

It is vital that shareholders' actions don't lead/ contribute to a decisive shift in assets in favour of fellow shareholders.

It seems pretty straightforward to me.

07:07 Oct 17, 2023 

Thanks to all of you for your input so far. Yes, the context that philgoddard gave is implied.

05:46 Oct 17, 2023 

I think this is the context:
Entscheidend ist, dass die Leistung des Gesellschafters nicht zu einer endgültigen Vermögensverschiebung zugunsten der Mitgesellschafter führt.
http://datenbank.nwb.de/Dokument/1021484/

The shareholder is making an additional contribution without receiving extra shares in return. This may constitute a taxable gift to the company.
I think it may mean that the other shareholders mustn't benefit from the gift.

21:55 Oct 16, 2023 

Louise has already given the surrounding context, and taken the trouble to translate it, just leaving three words in the ST whose meaning is crystal clear, though there are doubtless different ways to say it.

In addition to paying for its share, one particular shareholder is to pay a specified additional amount into the company's capital reserves. This is not to result in "a decisive shift in assets/wealth" in favour of the other shareholders.

21:13 Oct 16, 2023 

You're not breaching confidentiality by giving us the context. You can hide the name of the company if necessary.

20:52 Oct 16, 2023 

I'm sorry but that's not possible due to confidentiality reasons.

20:49 Oct 16, 2023 

Please post the full sentence in German