Plans to reform the German Investment Tax Act
Overview and impact
It is almost a legal tradition that the income earned by German taxpayers through an investment fund is taxed in accordance with the so-called principle of tax transparency. For some time, however, a number of ministries of finance have been pursuing a plan to reform the German Investment Tax Act to such an extent that the principle of tax transparency could be eliminated.
Should this initiative pass the legislative process, the new taxation regime would most probably have a significant impact on the business of asset managers when selling fund units to German investors.
Performance magazine issue 17, May 2015
Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.