The German Ministry of Finance has published draft legislation for the reform of the country's property tax regime. The reform is needed because of an April 2018 ruling issued by Germany's Constitutional Court, which found that the current property tax regime is unconstitutional because it applies based on different unit values in different regions of the country and the values are outdated ({News-2018-04-13/A/4-previous coverage}). The draft legislation will, among other things, provide for the harmonization and update of the unit values, some of which date back to 1935. The changes are to be revenue neutral, with the federal rate and...