Investment funds on the scrapheap?
On June 9, 2016 the law to reform the taxation of funds in Germany passed the German Upper House. The bill is intended to eliminate the EU law risks of current fund taxation law in Germany, prohibit aggressive tax structures and reduce the expense of determining the tax basis for mutual funds and the audit expense incurred by the tax authorities. In case the law also passes the German Lower House the new rules are to be taken into consideration generally starting from January 1, 2018 onwards. ...read more