The German government has passed the second draft of a law to implement the Anti-Tax Avoidance Directive (ATAD-UmsG).

The first ATAD draft law was removed from the Cabinet’s agenda in December 2019, meaning the draft was not implemented before the EU’s deadline of 31 December 2019.

Now, according to law firm CMS, the exit taxation measures in the new draft “go far beyond” those required by ATAD.

Under existing German law, a company owner who moves abroad, or ...