Tax Aid for the Economy - McDermott Will & Emery

Tax Aid for the Economy

Overview


The Federal Republic of Germany should extend and facilitate the tax loss carry backward and prepay the estimated future tax loss carry forward in order to give companies who are in trouble due to the Corona crises necessary financial means which are not loans. Thus, it is easier to avoid overindebtedness and insolvencies and a high degree of unemployment can be avoided. However, the Grand Coalition in Germany is not yet prepared to offer an extension of loss carry backwards and loss carry forwards.