The German Federal Council (upper house of parliament - Bundesrat) has reportedly approved legislation that would allow the carry forward of losses upon change of ownership in certain cases that would be disallowed under current rules. Currently, the losses of a company are generally forfeited where there is a change of ownership of 50% or more, and a reduction in available losses where there is a change of ownership between 25% and 50%. Under the new rules, the carry forward of losses would …