Since the German Parliament and the Federal Council took different positions on the Company Taxation Bill and the Annual Tax Bill 2013, the legislative bodies' mediation committee met on December 12 for arbitration. The committee concurred on the Company Taxation Bill's wording, but could not agree on Tax Bill 2013. The Federal Parliament and the Federal Council still must now approve the committee's results. However it is unclear if and when either or both will be enacted. Although we do not expect enactment of either prior to January 2013. These bills could particularly affect US multinational corporations (MNCs) with German tax consolidated groups (Organschafts). This newsalert reviews the current status of the two tax bills and the most important potential revisions to German tax law.