Germany’s Corporate Tax Reform —The Road Not Taken

[...]Major industrial countries tend to follow themainstream, cutting corporate tax rates and simultaneouslybroadening the tax base. Countries on themainstream path also want to tighten antiabuseprovisions such as the thin cap rules and, in Germany,the anti-treaty-shopping rules, described inour previous column. (See Tax Notes Int’l, Apr. 23,2007, p. 377.) However, on the mainstream, manyundesirable consequences of preferential measuresreduce much of the satisfaction of tax reform.[...]