Germany: Draft second future financing bill, other tax developments
Recent tax developments in Germany
The Ministry of Finance published a draft bill for a Second Future Financing Act, which would build on provisions in the (first) Future Financing Act aimed at improving the framework conditions for the capital markets and start-ups.
With regard to tax, the bill would increase the maximum amount of profits that may be “rolled over” from the sale of shares in corporations from €500,000 to €5,000,000.
Read an October 2024 report prepared by the KPMG member firm in Germany
Other recent tax developments in Germany include the following decisions of the Federal Tax Court (BFH):
- Constitutionality of the interest rate in the event of suspension of enforcement (May 8, 2024 decision – VIII R 9/23)
- Tax consequences of a U.S. economic embargo for a German group company (May 22, 2024 decision – I R 2/21)
- Business identity for corporations for purposes of loss utilization (April 25, 2024 decision – III R 30/21)