New German Thin Cap Rules — Too Thin the Cap

[...]Drafting antiavoidance legislation is one of thebiggest challenges of modern tax law. The English,German, and French languages have long had thesaying ‘‘Don’t throw the baby out with the bathwater.’’ Only those with a sharp tongue would evercontend that this saying serves as a warning for thedrafters of the new German thin cap rule. Nonetheless,the German legislature is about to enact a rulethat targets the international tax planning practiceof two global players and may have detrimentaleffects on both national and international companies.[...]