-The investment funds industry of Europe calls on Ministers of Finance and
Economics to review the scope of the planned Directive on taxation of savings
income in the form of interest payments.
FEFSI believes that the proposed measure creates an un-level playing field among
competing financial services by only seizing interest bearing revenue within the
banking and investment funds industries. Certain categories of insurance and pension
fund products fall outside the scope of the proposed directive, with all the evident
consequences that will entail.
Press release
© FEFSI
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