Poker players must pay taxes on their winnings in Germany

By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. The German finance court of Cologne has ruledthat poker is a game of skill.  The ruling is in response to poker player Eduard Scharf´s claims that his poker winnings shouldn’t be taxed because poker is a game of chance, and “anyone can win a game of poker.”  The court disagreed, ruling that “he had to pay

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Jamaica Moves To Position Itself As a Global Logistics Hub

Jamaica’s swashbuckling days are long behind it however it geo-strategic potential still remains strong. Jamaica is smack dab in the middle of both the western hemisphere – North and South America. Just think half way between the largest market in the world in the USA and one of the top emerging economies in Brazil – what are the possibilities?

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The German Federal Constitutional Court and the European Stability Mechanism

By: Carsten Lexa The German Federal Constitutional Court in Karlsruhe dismissed motions on Wednesday that sought to block the Euro Zone’s permanent bailout fund, the European Stability Mechanism, or ESM. The ESM is designed to handle bailouts and work in tandem with the European Central Bank to buy the bonds of countries, such as Italy and Spain, that are straining

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