Executive summaryThe German Federal Ministry of Finance published a first working draft bill for the creation of the Act to Combat Tax Avoidance and Unfair Tax Competition dated 15 February 2021 (draft bill). The objective of the draft bill is to encourage jurisdictions deemed to enable harmful tax practices to change their behavior by way of preventing companies and individuals from maintaining business relationships with non-cooperative countries in the area of tax transparency or those with unfair tax competition.The draft bill is intended to replace the Regulation on Combating Tax Evasion (Steuerhinterziehungsbekämpfungsverordnung) and, similarly, would set forth additional obligations for...