Regarding the disclosure of information by private intermediaries; is low and inconsistent, which has given most brokerages the freedom to work towards different accounting estimates. • Taxation (related to accounting): German accounting standards comply with tax legislation and there is a close link between tax and financial accounting. However, to avoid double taxation, US companies in Germany have their taxes regulated by a particular protocol. • Political and economic ties: Germany and the United States had strong foreign direct investment ties that made Germany the fifth largest FDI into the United States. In 2010, $213 billion was directly invested in the United States, while American direct investment in Germany amounted to $106 billion. It invests in sectors such as chemicals and services (financial industries). Furthermore, in 2011 the United States was one of Germany's largest exporters outside the EU. German companies employ approximately 500 thousand Americans.• Inflation The inflation rate is announced by the Federal Statistical Office and, based on the consumer price index (CPI), in 2014 the rate was 1.24%.• Level of