The draft bill of the Act on the Financing of Investments for the Future (Future Financing Act) was published in April. It also provides for amendments to the German Investment Code (Kapitalanlagegesetzbuch) in order to create certainty, at least in supervisory law, for the handling of investments in connection with renewable energies. We actually wanted to report on this only once a government draft was available. But that took us too long now.

On March 21, 2023, the German Federal Ministry of Finance published a discussion draft for a law to implement the Directive to ensure a global minimum taxation of multinational groups and large domestic groups in the Union (Mindestbesteuerungsrichtlinie-Umsetzungsgesetz).

In this beinformed we want to look at and discuss the scope, generally referred to as scoping. Please note that we are discussing the German draft Act and that we do not necessarily use the English terms of the EU-directive.

At the end of March, the Luxembourg Minister of Finance forwarded a bill to the Grand Duchy's parliament, which is intended to modernize Luxembourg's investment law. It provides for amendments to the product laws for SICAR, FIS, FIAR and retail funds as well as to the AIFM law (Luxembourg's implementation of the AIFM Directive). We present the most important changes from our point of view.