Interest payments on bonds should stay deductible for corporation tax purposes

A special provision in tax law is currently causing considerable legal uncertainty as to whether interest payments on bonds can continue to be deducted for corporation tax purposes. To ensure that the ongoing financing of capital market-oriented companies is not significantly weakened and the German government's efforts to strengthen capital market financing are not thwarted, we propose a clarifying exemption for bearer bonds in the respective law. This should be designed in such a way that it covers all conventional financing with bearer bonds.