{"id":2355,"date":"2017-06-27T12:45:26","date_gmt":"2017-06-27T10:45:26","guid":{"rendered":"http:\/\/honert-sy.sygnal.de\/?p=2355\/"},"modified":"2017-11-23T13:44:15","modified_gmt":"2017-11-23T11:44:15","slug":"new-legal-provision-of-%c2%a7-8d-kstg-corporate-tax-act-tax-loss-carry-forwards-of-corporations-can-be-saved-in-some-cases-when-there-is-an-exchange-of-shareholders","status":"publish","type":"post","link":"https:\/\/honert.de\/en\/new-legal-provision-of-%c2%a7-8d-kstg-corporate-tax-act-tax-loss-carry-forwards-of-corporations-can-be-saved-in-some-cases-when-there-is-an-exchange-of-shareholders\/","title":{"rendered":"NEW LEGAL PROVISION OF \u00a7 8d KStG (CORPORATE TAX ACT) \u2013 TAX LOSS CARRY-FORWARDS OF CORPORATIONS CAN BE SAVED IN SOME CASES WHEN THERE IS AN EXCHANGE OF SHAREHOLDERS"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_section-6d8e29337fdd87ef7327b46eb1b48c39\">\n.avia-section.av-av_section-6d8e29337fdd87ef7327b46eb1b48c39{\nbackground-repeat:no-repeat;\nbackground-image:url(https:\/\/honert.de\/wp-content\/uploads\/3629.jpg);\nbackground-position:0% 0%;\nbackground-attachment:scroll;\n}\n<\/style>\n<div id='av_section_1'  class='avia-section av-av_section-6d8e29337fdd87ef7327b46eb1b48c39 main_color avia-section-default avia-no-shadow  avia-builder-el-0  el_before_av_section  avia-builder-el-first  hide_on_print avia-full-stretch avia-bg-style-scroll av-minimum-height av-minimum-height-40 av-height-40  container_wrap sidebar_right'  data-section-bg-repeat='stretch' data-av_minimum_height_pc='40' data-av_min_height_opt='40'><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-2355'><div class='entry-content-wrapper clearfix'>\n<\/div><\/div><\/main><!-- close content main element --><\/div><\/div><div id='av_section_2'  class='avia-section av-av_section-d18d8c2c81d10022ebd21ffa95322c35 main_color avia-section-default avia-no-shadow  avia-builder-el-1  el_after_av_section  avia-builder-el-last  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-2355'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36\">\n.flex_column.av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36 av_two_third  avia-builder-el-2  el_before_av_two_third  avia-builder-el-first  first flex_column_div av-zero-column-padding  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_heading-be16a2e011ae5d67d6746a57f436a8ba\">\n#top .av-special-heading.av-av_heading-be16a2e011ae5d67d6746a57f436a8ba{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-av_heading-be16a2e011ae5d67d6746a57f436a8ba .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-av_heading-be16a2e011ae5d67d6746a57f436a8ba .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-av_heading-be16a2e011ae5d67d6746a57f436a8ba av-special-heading-h1 blockquote modern-quote  avia-builder-el-3  avia-builder-el-no-sibling '><div class='av-subheading av-subheading_above'>27. June 2017\n<\/div><h1 class='av-special-heading-tag '  itemprop=\"headline\"  >NEW LEGAL PROVISION OF \u00a7 8d KStG (CORPORATE TAX ACT) \u2013 TAX LOSS CARRY-FORWARDS OF CORPORATIONS CAN BE SAVED IN SOME CASES WHEN THERE IS AN EXCHANGE OF SHAREHOLDERS<\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36\">\n.flex_column.av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36 av_two_third  avia-builder-el-4  el_after_av_two_third  el_before_av_two_third  first flex_column_div av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-av_textblock-35972167d9f102c5ddaec0c531c98b9e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>There are good news for corporations with tax loss carry-forwards in the case of an exchange of shareholders: after the introduction of \u00a7 8d KStG, tax loss carry-forwards already existing can still be used provided that the current business operations of the corporation are continued and the loss carry-forwards are used in these business operations only. \u00a7 8d KStG can be applied (with retroactive effect) on detrimental acquisitions of participation since 1st January 2016.<\/strong><!--more--><\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36\">\n.flex_column.av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36 av_two_third  avia-builder-el-6  el_after_av_two_third  el_before_av_one_third  first flex_column_div av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-av_textblock-35972167d9f102c5ddaec0c531c98b9e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>I. Current situation: extinction of tax loss carry-forwards according to \u00a7 8c KStG<\/h2>\n<p>According to the wording of \u00a7 8c KStG, the usage of tax losses of corporations is restricted in the case of so-called detrimental acquisition of participation: if <span class=\"bold-lowercase\">more than 25 % of participation or voting rights<\/span> are indirectly or directly transferred to one purchaser or to persons closely associated to the purchaser within a period of five years, the tax loss carry-forwards are lost proportionally in the amount of the ratio of the participation or voting rights transferred. However, the German Federal Constitutional Court (Bundesverfassungsgericht) recently declared the provisions of \u00a7 8c KStG unconstitutional to the extent they stipulate that such proportionate extinction of tax loss carry-forwards occurs if more than 25 %, but not more than 50 % of the participation or voting rights are transferred.<br \/>\nThe full extinction of tax loss carry-forwards, which occurs if <span class=\"bold-lowercase\">more than 50 % of participation or voting rights<\/span> are transferred, remains unaffected by the decision of the German Federal Constitutional Court.<br \/>\nThe purpose of \u00a7 8c KStG was to stop the so-called acquisition of shelf corporations with tax losses \u2013 that is, the acquisition of corporations without activities and with high tax loss carry-forwards. However, not only did the broad wording of \u00a7 8c KStG affect the purchase of shelf corporations with tax loss carry-forwards, but also, among other things, impede restructurings and disadvantage start-up companies.<br \/>\n<span class=\"bold-lowercase\">Companies which are in need of restructuring<\/span> often depend on the provision of fresh equity, such as by the entry of new investors or restructuring plans with the purpose that loan capital is converted to equity (so-called debt-equity-swap). In both cases the situation of a \u201cdetrimental\u201d acquisition of participation will frequently occur and therefore the extinction of the tax loss carry-forwards. The provision in \u00a7 8c para. 1a KStG, which is envisaged as an exception from the extinction of tax loss carry-forwards, cannot be applied as it lacks conformity with European law.<br \/>\n<span class=\"bold-lowercase\">Start-up companies<\/span> very often have start-up tax losses which are carried forward in the normal course of business and are offset against profits later on. Young start-up companies are usually \u2013 in most cases several times \u2013 provided with \u201cfresh\u201d equity in the scope of financing rounds. The entry of investors usually results in a change in shareholders \u2013 and therefore in a \u201cdetrimental\u201d acquisition in the sense of \u00a7 8c KStG.<br \/>\nThere are few exceptions from the extinction of tax loss carry-forwards according to \u00a7 8c KStG envisaged by law: only in particular <span class=\"bold-lowercase\">group constellations<\/span> (\u00a7 8c sec. 1 sentence 5 KStG) or if the company has enough <span class=\"bold-lowercase\">hidden reserves<\/span> subject to German taxation (\u00a7 8c sec. 1 sentences 6-8 KStG), tax loss carry-forwards will be maintained.<\/p>\n<h2>II. New legal provision of \u00a7 8d KStG \u2013 tax loss carry-forward subject to continuation<\/h2>\n<h5>1. Aim<\/h5>\n<p>The new provision of \u00a7 8d KStG serves the legislation purpose to regulate the extinction of tax loss carry-forwards in the cases of change of shareholders according to \u00a7 8c KStG based on its original purpose, that is, <span class=\"bold-lowercase\">prevention of abuse<\/span> (prevention of trading with tax loss carry-forwards). At the same time, <span class=\"bold-lowercase\">tax obstacles in corporate financing<\/span> should be removed by the new entry or change of shareholders.<br \/>\nThe new provision stipulates that upon application by the taxpayer the extinction of tax loss carry-forwards according to \u00a7 8c KStG does not occur if the corporation <span class=\"bold-lowercase\">has maintained only the same business operations<\/span> since its foundation or at least since the beginning of the third business year before the business year of the detrimental acquisition of participation and the business operations <span class=\"bold-lowercase\">are not discontinued<\/span> within this time period until the end of the business year in which the detrimental participation was acquired.<br \/>\nThe revised article applies to <span class=\"bold-lowercase\">tax loss carry-forwards<\/span> under corporate tax law and via the reference directive of \u00a7 10a sentence 10 GewStG (Trade Tax Act) also for tax loss carry-forwards under trade tax law of corporations and via the reference directive of \u00a7 8a sec. 1 sentence 3 KStG to the so-called <span class=\"bold-lowercase\">interest barrier.<\/span><\/p>\n<h5>2. Business operations and application<\/h5>\n<p>The decisive factor is whether the same <span class=\"bold-lowercase\">business operations<\/span> have been maintained and are not discontinued. According to \u00a7 8d sec. 1 sentence 3 KStG, these business operations include \u201c<em>the corporation\u2019s activities which are characterized by the consistent purpose of making a profit, in a sustainable manner, complementary and mutually supportive as well as by qualitative properties on an overall context.<\/em>\u201d The qualitative properties mentioned are in particular the services or products offered, the customer and supplier base, the markets served and the employees\u2019 qualifications.<\/p>\n<p>According to \u00a7 8d sec. 2 KStG the following cases are <span class=\"bold-lowercase\">equal to the discontinuation of the business operations:<\/span><\/p>\n<ul>\n<li>The business operations are directed at a different purpose;<\/li>\n<li>the corporation starts additional business operations;<\/li>\n<li>the corporation becomes a co-entrepreneur (Mitunternehmer);<\/li>\n<li>the corporation takes the position of a controlling company in the sense of \u00a7 14 sec. 1 KStG; or<\/li>\n<li>business assets are transferred to the corporation and the corporation assesses them with a lower value than the fair market value.<\/li>\n<\/ul>\n<p>If the corporation <span class=\"bold-lowercase\">has maintained only the same business operations since<\/span> its foundation or at least since the beginning of the third business year before the business year of the detrimental acquisition of participation and none of the above-mentioned cases occur, the corporation may <span class=\"bold-lowercase\">file an application <\/span>with the result that \u00a7 8c KStG is not applicable and the extinction of tax loss carry-forwards does not occur even though detrimental acquisition of participation was made.<br \/>\nThe request for application of \u00a7 8d KStG has to be made in the tax declaration for the assessment of the assessment period in which the detrimental acquisition of participation is made.<\/p>\n<h5>3. Legal consequences<\/h5>\n<p>The tax loss carry-forwards that remain at the end of that assessment period in which the detrimental acquisition of participation is recorded separately and established as a \u201ctax loss carry-forward subject to continuation\u201d.<br \/>\nIf the company makes profits in subsequent business years, the tax loss carry-forward subject to continuation has to be deducted before deducting a tax loss carry-forward determined according to \u00a7 10d Abs. 4 EStG (Income Tax Act). That means: the tax loss carry-forward subject to continuation is \u201cused up\u201d before any potential tax loss carry-forward subsequently arisen.<br \/>\nIf, however, the business operations are discontinued in the subsequent years or one of the above-mentioned cases (\u00a7 8d para. 2 KStG) occurs, the tax loss carry-forward subject to continuation most recently determined is in principle lost. Only if the company has enough hidden reserves subject to German taxation, the loss of tax loss carry-forward subject to continuation can be avoided.<\/p>\n<h5>4. Temporal scope of application<\/h5>\n<p>\u00a7 8d KStG may be applied on detrimental acquisition of participation after 31 December 2015 in the sense of \u00a7 8c KStG.<\/p>\n<h2>III. Evaluation of the new provision<\/h2>\n<p>The provisions of \u00a7 8d KStG are appreciated as corporations with tax loss carry-forwards get the possibility to maintain the tax loss carry-forwards in the case of per se detrimental acquisition of participation.<br \/>\nIn practice the relevant issue will be at which point the \u201cdiscontinuation of business operations\u201d or a \u201cdetrimental event\u201d in accordance with \u00a7 8d para. 2 KStG will be assumed and how these properties are dealt with by the financial authorities. There are partially significant restrictions on entrepreneurial freedom in the cases mentioned and also on the implementation of economically useful restructurings. In addition to that, there are \u201cgrey areas\u201d: where is the point when the reduction of the scope of business operations becomes \u201cdiscontinuation\u201d of business operations or when does the expansion of current business operations into neighboring areas of business become a detrimental change of the business model \u2013 according to the reasons given for the law, at least organic growth is not to be considered detrimental.<\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_third-9deae2ff43582e0bccfb02cb654e15bd\">\n.flex_column.av-av_one_third-9deae2ff43582e0bccfb02cb654e15bd{\nborder-radius:0px 0px 0px 0px;\npadding:7px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_one_third-9deae2ff43582e0bccfb02cb654e15bd av_one_third  avia-builder-el-8  el_after_av_two_third  avia-builder-el-last  sy-only-desktop hide_on_print flex_column_div  column-top-margin'     ><p><div  class='avia-builder-widget-area clearfix  avia-builder-el-9  el_before_av_textblock  avia-builder-el-first '><section id=\"categories-3\" class=\"widget clearfix widget_categories\"><h3 class=\"widgettitle\">Newsletter issues<\/h3>\n\t\t\t<ul>\n\t\t\t\t\t<li class=\"cat-item cat-item-272\"><a href=\"https:\/\/honert.de\/en\/category\/2026-q1\/\">2026 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-267\"><a href=\"https:\/\/honert.de\/en\/category\/2025-q4-en\/\">2025 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-265\"><a href=\"https:\/\/honert.de\/en\/category\/2025-q3-en\/\">2025 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-263\"><a href=\"https:\/\/honert.de\/en\/category\/2025-q2-en\/\">2025 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-261\"><a href=\"https:\/\/honert.de\/en\/category\/2025-q1-en\/\">2025 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-254\"><a href=\"https:\/\/honert.de\/en\/category\/2024-q4-en\/\">2024 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-250\"><a href=\"https:\/\/honert.de\/en\/category\/2024-q3-en\/\">2024 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-242\"><a href=\"https:\/\/honert.de\/en\/category\/2024-q2-en\/\">2024 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-238\"><a href=\"https:\/\/honert.de\/en\/category\/2024-q1-en\/\">2024 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-227\"><a href=\"https:\/\/honert.de\/en\/category\/2023-q4-en\/\">2023 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-208\"><a href=\"https:\/\/honert.de\/en\/category\/2023-q2-en\/\">2023 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-206\"><a href=\"https:\/\/honert.de\/en\/category\/2023-q1-en\/\">2023 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-193\"><a href=\"https:\/\/honert.de\/en\/category\/2022-q4-en\/\">2022 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-184\"><a href=\"https:\/\/honert.de\/en\/category\/2022-q3-en\/\">2022 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-182\"><a href=\"https:\/\/honert.de\/en\/category\/2022-q2-en\/\">2022 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-177\"><a href=\"https:\/\/honert.de\/en\/category\/2022-q1-en\/\">2022 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-175\"><a href=\"https:\/\/honert.de\/en\/category\/2021-q4-en\/\">2021 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-173\"><a href=\"https:\/\/honert.de\/en\/category\/2021-q3-en\/\">2021 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-171\"><a href=\"https:\/\/honert.de\/en\/category\/2021-q2-en\/\">2021 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-169\"><a href=\"https:\/\/honert.de\/en\/category\/2021-q1-en\/\">2021 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-167\"><a href=\"https:\/\/honert.de\/en\/category\/2020-q4-en\/\">2020 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-162\"><a href=\"https:\/\/honert.de\/en\/category\/2020-q3-en\/\">2020 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-160\"><a href=\"https:\/\/honert.de\/en\/category\/2020-q2-en\/\">2020 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-158\"><a href=\"https:\/\/honert.de\/en\/category\/2020-q1-en\/\">2020 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-156\"><a href=\"https:\/\/honert.de\/en\/category\/2019-q4-en\/\">2019 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-150\"><a href=\"https:\/\/honert.de\/en\/category\/2019-q3-en\/\">2019 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-138\"><a href=\"https:\/\/honert.de\/en\/category\/2019-q2-en\/\">2019 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-140\"><a href=\"https:\/\/honert.de\/en\/category\/2019-q1-en\/\">2019 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-144\"><a href=\"https:\/\/honert.de\/en\/category\/2018-q4-en\/\">2018 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-146\"><a href=\"https:\/\/honert.de\/en\/category\/2018-q3-en\/\">2018 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-136\"><a href=\"https:\/\/honert.de\/en\/category\/2018-q2-en\/\">2018 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-128\"><a href=\"https:\/\/honert.de\/en\/category\/2018-q1-en\/\">2018 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-126\"><a href=\"https:\/\/honert.de\/en\/category\/2017-q4-en\/\">2017 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-116\"><a href=\"https:\/\/honert.de\/en\/category\/2017-q3-en\/\">2017 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-114\"><a href=\"https:\/\/honert.de\/en\/category\/2017-q2-en\/\">2017 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-142\"><a href=\"https:\/\/honert.de\/en\/category\/deals-en\/\">Deal Announcements<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-58\"><a href=\"https:\/\/honert.de\/en\/category\/uncategorized\/\">Uncategorized<\/a>\n<\/li>\n\t\t\t<\/ul>\n\n\t\t\t<span class=\"seperator extralight-border\"><\/span><\/section><\/div><br \/>\n<section  class='av_textblock_section av-av_textblock-35972167d9f102c5ddaec0c531c98b9e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>More information on this topic<\/h2>\n<ul class=\"sy-list-margin\">\n<li><a href=\"\/?page_id=1726\">Tax Advice and Tax Proceedings<\/a><\/li>\n<li><a href=\"\/?page_id=1744\">Transaction Tax<\/a><\/li>\n<li><a href=\"\/?page_id=1746\">Asset Management and Succession Planning<\/a><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-fb479b19f087d3def54096c70f7e0968\">\n#top .hr.hr-invisible.av-av_hr-fb479b19f087d3def54096c70f7e0968{\nheight:8px;\n}\n<\/style>\n<div  class='hr av-av_hr-fb479b19f087d3def54096c70f7e0968 hr-invisible  avia-builder-el-11  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-av_textblock-35972167d9f102c5ddaec0c531c98b9e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>Downloads<\/h2>\n<p><a href=\"#\" onclick=\"window.print();return false\">Print<\/a><br \/>\n\n\n\n\t<div class=\"dkpdf-button-container\" style=\" text-align:left \">\n\n\t\t<a class=\"dkpdf-button\" href=\"\/en\/wp-json\/wp\/v2\/posts\/2355?pdf=2355\" target=\"_blank\"><span class=\"dkpdf-button-icon\"><i class=\"fa fa-file-pdf-o\"><\/i><\/span> Download (PDF)<\/a>\n\n\t<\/div>\n\n\n\n\n\n<\/p>\n<\/div><\/section><\/p><\/div>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='after_section_2'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-2355'><div class='entry-content-wrapper clearfix'>\n","protected":false},"excerpt":{"rendered":"<p>There are good news for corporations with tax loss carry-forwards in the case of an exchange of shareholders: after the introduction of \u00a7 8d KStG, tax loss carry-forwards already existing can still be used provided that the current business operations of the corporation are continued and the loss carry-forwards are used in these business operations [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[114],"tags":[],"class_list":["post-2355","post","type-post","status-publish","format-standard","hentry","category-2017-q2-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/posts\/2355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/comments?post=2355"}],"version-history":[{"count":24,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/posts\/2355\/revisions"}],"predecessor-version":[{"id":2980,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/posts\/2355\/revisions\/2980"}],"wp:attachment":[{"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/media?parent=2355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/categories?post=2355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/tags?post=2355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}