On 28 October 2010, the Ministry of Finance published the draft bill for the Budget Supplementary Law 2011-2014 (Budgetbegleitgesetz 2011-2014). The most important changes to the Corporate Income Tax Act can be outlined as follows: -   income received from so called hybrid instruments, which is characterized as dividends for Austrian tax law purposes but deductible as a expense for purposes of the law applicable to the distributing subsidiary shall no longer benefit from the participation exemption. The clear goal of this regulation is to avoid double dip structures; -   interest paid on acquisition financing loans are no longer...