On 8 June 2016, the German Bundestag's (parliament) Finance Committee approved draft legislation that includes two main amendments concerning investment taxation:
- Losses on the sale of securities will not be allowed to offset capital gains when the security is acquired less than 45 days before a dividend distribution and subsequently sold less than 45 days after the distribution; and
- The current income tax exemption provided for domestic investment funds on dividend income from German compan…