German Federal Cabinet Approves Defensive Measures to Restrict Business Relationships with Non-Cooperative Jurisdictions

The German Ministry of Finance has announced that the Federal Cabinet adopted on 31 March 2021 the draft Defence against Tax Havens Act, which includes defensive measures designed to restrict individuals and companies from continuing or starting new business relationships with non-cooperative jurisdictions.

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Scholz: "We're tak¬ing ac¬tion to elim¬i¬nate tax havens"

Defence against Tax Havens Act adopted

The German cabinet adopted the draft Defence against Tax Havens Act on 31 March 2…