Germany moves to cut interest relief
Private Equity may well be hit by move, says German finance minister
Germany’s tax reforms could make the country less attractive for private
equity firms, the country’s finance minister has said.
The government has unveiled a bill aimed at closing tax loopholes. Referring
to private equity, Peer Steinbrück said: ‘[If it has] an impact on this
particular sector, then so be it. That’s the point,’ the
FT
reported.
The move restricts interest relief
on profits, the paper added.
Further reading;
German taxman ends Hargreaves
move to Man Utd