Germany plans tax change to aid company rescues

Newswire

BERLIN, June 10 (Reuters) - Germany's ruling coalition parties want to change tax rules to give companies a greater incentive to come to the rescue of other struggling businesses, a proposal they have drawn up shows.

The proposal, seen by Reuters, would loosen limits on a company's ability to deduct from its tax bill the losses of a business it is acquiring.

The measure would be effective for 2008 and 2009, and cost some 1.8 billion euros ($2.54 billion) in foregone tax ...

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