A quick look at what’s been going on in Europe…

Germany is set to abolish its current deferral of corporate exit tax. The German Federal Ministry of Finance published a draft bill intended to abolish the current unlimited interest-free deferral of the exit tax for companies relocating from Germany to another EU or EEA Member State. This bill will also reform the controlled foreign corporation rules, implementing the EU Anti-Tax Avoidance Directive (ATAD).

Changes in Guernsey’s Insolvency Law have been approved by the island’s government. Amendments to the island’s 20...