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Image header Agence Europe
Europe Daily Bulletin No. 7829
Contents Publication in full By article 15 / 42
GENERAL NEWS / (eu) eu/financial services

European Commission believes that Austrian law on taxation of investment funds is discriminatory

Brussels, 25/10/2000 (Agence Europe) - The European Commission started an infringement procedure against Austria to stop the fiscal discriminations suffered by foreign investment funds in the country. The taxation rules applicable to taxpayers (individuals and companies) varies, in fact, according to whether the revenues or the value increase in capital are from Austrian or foreign investment funds, and certain tax benefits are reserved to Austria funds. "This situation damages the...

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