New German Coalition Government in support of OECD's BEPS initiative

Tax Insights ()
One of the key tax strategy announcements from the new German Coalition Government has been its commitment to the fight against tax evasion and tax avoidance. In its achievement of this strategy the Coalition will focus on the presumed cross-border profit shifting by multinational enterprises, in support of the OECD’s “Base Erosion and Profit Shifting (BEPS)” initiative, by implementing further legislative tax measures. Whilst at this stage the Coalition has only indicated the potential areas of change to specific German tax provisions, the overall message points to a clear directional shift regarding the future tax policy of the new German government.