The German Federal Council approved the revised Growth Opportunity Act on 22 March 2024.Compared to the initial versions of the bill, the approved bill includes significantly fewer measures and in particular affects tax-loss utilization, interest-deduction limitation, accelerated depreciation, and claw-back provisions within tax-neutral demergers.International groups should, in particular, note the new rules concerning intercompany financing and review whether they could affect their current financing of operations in Germany. Executive summaryOn 22 March 2024 the German Federal Council approved a revised version of the Growth Opportunities Act. The scope of the final bill was reduced significantly compared to the initial discussion draft...