Press Releases

Motorists to pay even more taxes?

Berlin, 09 August 2013

The 65th IAA Cars in Frankfurt will not only host numerous world premieres; the world‘s most important trade fair for mobility is also a major congress with a large number of specialist events. One of the highlights will be financial aspects associated with cars – taxes, import duties and financial services.

The taxation plans of the German political parties will be the focus of the specialist event entitled  “Cars and Taxation” organised jointly by the German Association of the Automotive Industry (VDA) and the business consultants PKF Fasselt Schlage on 17 September 2013 at the IAA.

In view of the discussion on tax increases that is taking place in the run-up to the election to the German Bundestag, more and more motorists – and automotive manufacturers and suppliers – are increasingly worried about what they can expect from the next government on the subject of taxes. The specialist event entitled “Cars and Taxation” at the IAA will give tax-policy-makers a brief opportunity before the German general election to present and discuss their concepts. After a welcome by VDA Managing Director Klaus Bräunig and a welcome address from Dr Thomas Schäfer, the Hessian Minister of Finance, Prof. Frank Balmes from PKF will speak on “Current developments in vehicle taxation.” This will be followed by a panel discussion entitled “What can motorists and the automotive industry expect from tax policy?” The participants will be Lothar Binding, Member of the Bundestag and financial-policy spokesman of the SPD Parliamentary Group; Dr Thomas Gambke, Member of the Bundestag and SME officer of the Parliamentary Group of the Green Party; Dr Hans Maier, Head of the Corporate Department Taxes and Customs Duties at Robert Bosch GmbH; Dr Michael Meister Member of the Bundestag and Deputy Chairman of the CDU/CSU Parliamentary Group; and Dr Volker Wissing, Member of the Bundestag and Deputy Chairman of the FDP Parliamentary Group. The discussion will be chaired by Gerd Faber, Chairman of the VDA’s Taxation Committee.

The next day, 18 September 2013, will see the specialist event “Customs and excise taxes in the car sector,” which the VDA is organising jointly with the WTS Group AG. Owing to their huge economic importance and effects on corporate cash flows, optimisation of the law on import duties and taxes is one of the core tasks of today’s managers. Following a welcome from VDA Managing Director Klaus Bräunig, there will be talks by Peter Baumgartner from WTS, and Harald Dewert from Schaeffler AG, on “Market strategies relating to the law on taxes and import duties – focus on Asia.” Dr Hans Georg Raber and Sarah Jänsch, both from Volkswagen AG, will explain “Non-tariff barriers – challenges in the global environment,” before Harald Boes from ZF Friedrichshafen AG gives a lecture on “International safety initiatives – challenges in the global environment.” The specialist event will finish with a panel discussion with the speakers, chaired by Dr Raber, who is also the chairman of the VDA’s committee on import and excise duties.

On Monday, 16 September 2013, the specialist event “Financial Services for Passenger Cars” will take place at the IAA. Its organisers are the VDA and the AKA (German working group of automotive banks and leasing companies). The field of financing and leasing is becoming more and more strongly connected with the automotive business. Leasing, rentals and financing have already had a major role in the commercial sector for a longer period, whereas the private sector has seen rising demand for financial services, particularly in very recent times. Other areas of growth are the used car market and service packages such as motor vehicle insurance, credit protection insurance, and guarantee and repair insurance, maintenance services and tyre-related services. With their tried and tested business model, along with new sales models, the manufacturers’ banks are making a valuable contribution to the automotive business in Germany.

After a welcome and introduction from VDA Managing Director Klaus Bräunig, Benedikt Schell, member of the Board of Management at Mercedes-Benz Bank AG, will talk on “Growth factors for automotive services in Europe.” Wolfgang Booms, Managing Director of Marketing & Sales at Ford-Werke GmbH, will speak about “Sales strategies for passenger cars and financial services.” Christian Ruben, CEO of the Toyota Kreditbank GmbH, will describe the “International financial services strategy for alternative drive trains,” and Jens Diehlmann, Partner at Ernst & Young GmbH, will outline “Global trends in automotive financing.” The last item on the agenda will be a panel discussion (“Financial services between traditional sales and new business models”) including not only the speakers mentioned above but also Dr Konrad Wessner, General Manager of puls Marketing GmbH. The event will be chaired by Dr Ralf Scheibach, Head of the VDA’s Law and Insurance Department.

All the information on the specialist events, the programmes and registration forms are available on the Internet, at www.iaa.de.

The 65th IAA Cars is the world’s most important trade fair for mobility. It will be held in Frankfurt am Main from 12 to 22 September 2013. Even in difficult times, the IAA remains a rock of stability – the number of exhibitors (approx. 1,000) and the amount of exhibition space (approx. 230,000 sq m) have reached the high levels recorded in 2011, despite the weakness on the Western European passenger car market. The IAA will be opened by the German Chancellor, Dr Angela Merkel, on 12 September 2013.

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