On 9 November 2009, the Federal Cabinet (Bundesregierung) approved the Bill on acceleration of economic growth (Wachstumsbeschleunigungsgesetz). Key elements of the Bill are summarized below.

Corporate income tax

(a) Change-in-ownership rules. Currently, Sec. 8c of the Corporate Income Tax Act (CITA) stipulates that a loss carry-over is disallowed comple…

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