U.S. Rep. Randy Feenstra (R-IA) has announced that a letter was sent on 8 June 2023 to U.S. Treasury Secretary Janet Yellen concerning Germany's taxation of intellectual property rights registered in German registers (German-nexus IP). As previously reported, controversial rules regarding the taxation of income from the rent/lease or sale of German-nexus IP under Section 49 of the Income Tax Law were partially repealed as part of the Annual Tax Act 2022 (JStG 2022) in December 2022. This includes the addition of a new provision providing that where taxable income from German-nexus IP only arises because the rights are registered...