FEFSI calls to review Savings Tax Directive

02 December 2002

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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

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