The Legal Environment of the Volkswagen Company
Volkswagen is a German based auto manufacturing and dealer company that was established in 1937 by the German Labor Front. The company which is headquartered in Wolfsburg is considered to be the largest auto dealer by global sales. The company’s current international slogan is "Volkswagen" which is the official name of the company. From the world over, German is known for its excellence in engineering and the unique automotive industry. Majority of cars from German embody a highly esteemed value of reliability, innovation, design and safety. German’s legal business environment is counted as one of the world’s most independent and efficient legal system.
German is regarded as one of the globe’s best locations regarding operating security and planning. It is also one of the leading countries when it comes to protection from organized crime, as well as intellectual property. Furthermore, the regulatory framework and authorities in German are highly professional in nature. Moreover, the political, social and economic stability offers a solid foundation for corporate investments and business operations. There is strict protection of intellectual property for businesses while there is also a high level of security for contractual agreements.
The tax system in German is the most competitive and the tax rates provided are the most competitive in the world. Addition, the German government has in the recent years implemented a branch and root reforms of the tax system for the sole purpose of attracting more businesses in the nation. The nation’s tax system is unique in the sense that it allows varied tax rates for the various municipalities and regions in German. Approximately, corporate entities will only face a general tax burden of less than 30%. This is a significantly lower tax rates in German (German Trade and Investment, 2016).