• Service: Tax, Mergers & Acquisitions, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 4/2/2014

Germany - Legislative “carried interest” proposals; FATCA implementing guidance 

April 2:  Pending tax legislation in Germany proposes, among other measures, to:
  • Simplify the loss deduction rules for limited partners of a partnership
  • Repeal tax-related exceptions for “carried interest”
  • Revise certain employee-related tax provisions

Other proposed tax legislation would transpose the EU Parent-Subsidiary Directive and the Interest and Royalty Directive into German law.

Read an April 2014 report [PDF 265 KB] prepared by the KPMG member firm in Germany: German Tax Monthly

This KPMG report also contains discussions about:

  • A draft legal ordinance to implement Germany’s FATCA intergovernmental agreement with the United States
  • Tax treatment of certain reorganization transactions in the context of a “trust scheme” (Treuhandmodell)
  • Taxation of portfolio dividends and guidance regarding acquisition of a shareholding in the course of the year
  • New income tax treaty with Costa Rica is signed
  • A update of income tax treaties in Germany’s treaty network

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