On 9 October 2020, further revisions were published for a draft bill to introduce a dividend-equivalent exit tax on companies that relocate their headquarters to a country that does not levy withholding tax on dividends under its domestic laws, or does levy a withholding tax but allows a step up in value on relocation. This follows the initial draft bill, which was introduced on 10 July 2020 to impose a 15% exit tax on accumulated earnings and reserves, and a revised bill introduced on 18 Sep…