Germany Gazettes Law Implementing EU Anti-Avoidance Directive

The German Official Gazette June 30 published a law implementing the EU anti-avoidance directive (ATAD). The law includes measures: 1) establishing rules on business expense deductions for capital asset transfers under the hybrid mismatch regime; 2) extending the deadline to May 31, 2022, for filing 2020 individual income tax returns; 3) setting rules on the transfer of individual assets abroad under the exit taxation regime; 4) setting tax calculation method for individuals and entities in the European Economic Area (EEA); 5) setting limitations on share sales; 6) establishing deduction rules for taxpayers that participate in a foreign company; and 7) ...