Corporate Tax

Germany proposes modernizing corporate revenue tax for partnerships

A new German draft law would make it possible to tax commercial partnerships and partnerships such as corporations.

The ability for companies to opt for the new option is intended to make family businesses, which are partnerships, more internationally competitive, according to the Treasury Department.

  • Changes to the Transformation Tax Act are intended to make it easier for companies to carry out mergers, divisions and other restructuring work in a tax-neutral manner.
  • Another change would allow companies to deduct losses as operating expenses from fluctuations in exchange rates associated with shareholder loans.
  • Germany is ruled by a grand coalition made up of …

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