Tax treatment of investment funds and their investors within the European Union:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Turku
2004
|
| Schriftenreihe: | Turun Kauppakorkeakoulun julkaisuja
A ; 2004,12 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Zugl.: Turku, Turku School od Economics and Business Administration, Diss., 2004 |
| Beschreibung: | 382 S. graph. Darst. |
| ISBN: | 9515642086 |
Internformat
MARC
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| 490 | 1 | |a Turun Kauppakorkeakoulun julkaisuja : A |v 2004,12 | |
| 500 | |a Zugl.: Turku, Turku School od Economics and Business Administration, Diss., 2004 | ||
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Datensatz im Suchindex
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TABLE OF CONTENTS
1 INTRODUCTION 13
1.1 Subject of the Study 13
1.2 Objective and Scope of the Study 15
1.3 Approach and Research Methods 21
1.4 Materials 22
1.5 Terminology 23
1.6 Outline of the Study 24
2 INVESTMENT FUNDS WITHIN THE EUROPEAN UNION 27
2.1 Investment Funds Generally 27
2.1.1 Idea and Advantages of Investment Funds 27
2.1.2 Operation of Investment Funds 28
2.1.3 Classification of Investment Funds by Investment Objective 30
2.1.4 Classification of Investment Funds by Administrative Policy 32
2.2 Regulation of Investment Funds within the European Union 34
2.2.1 Primary Community Law 34
2.2.2 Secondary Law UCITS Directive 37
2.3 Investment Funds in Selected Member States 42
2.3.1 United Kingdom 42
2.3.2 Germany 44
2.3.3 France 46
2.3.4 Finland 47
2.3.5 Luxembourg 51
2.4 Conclusions with a Comparative Survey of Other Member States 53
3 TAXATION OF INVESTMENT FUNDS IN THE RESIDENCE
STATE 55
3.1 Introduction 55
3.2 Taxation of Investment Funds Generally 55
3.3 United Kingdom 61
3.4 Germany 62
3.5 France 64
3.6 Finland 65
3.7 Luxembourg 67
3.8 Conclusions with a Comparative Survey of Other Member States 68
4 TAXATION OF INVESTMENTS MADE BY INVESTMENT
FUNDS IN THE SOURCE STATE OF INCOME 71
4.1 Introduction 71
4.2 Taxation of Domestic Investment Funds 73
4.3 Taxation of Foreign Investment Funds 74
4.4 Investment Funds and Tax Treaties 77
4.4.1 General Remarks 77
4.4.2 On Tax Treaty Interpretation 79
4.4.3 Tax Treaty Access of Investment Funds 83
4.4.3.1 Person 83
4.4.3.2 Residence 87
4.4.3.3 Beneficial Ownership 91
4.4.3.4 Limitation of Benefits 98
4.4.4 Specific Provisions Concerning Investment Funds 104
4.4.5 Tax Treaty Access of Underlying Investors 107
4.4.6 Country Practices Ill
4.5 Conclusions 115
5 TAXATION OF FUND INVESTORS 119
5.1 Introduction 119
5.2 United Kingdom 119
5.2.1 Resident Investor in Domestic Fund 119
5.2.2 Resident Investor in Foreign Fund 121
5.2.3 Non Resident Investor in Domestic Fund 124
5.2.4 Evaluation 125
5.3 Germany 130
5.3.1 Resident Investor in Domestic Fund 130
5.3.2 Resident Investor in Foreign Fund 134
5.3.3 Non Resident Investor in Domestic Fund 138
5.3.4 Evaluation 138
5.4 France 142
5.4.1 Resident Investor in Domestic Fund 142
5.4.2 Resident Investor in Foreign Fund 144
5.4.3 Non Resident Investor in Domestic Fund 145
5.4.4 Evaluation 147
5.5 Finland 151
5.5.1 Resident Investor in Domestic Fund 151
5.5.2 Resident Investor in Foreign Fund 154
5.5.3 Non Resident Investor in Domestic Fund 160
5.5.4 Evaluation 162
6 INVESTMENT FUND INVESTMENTS AND TAX
ENFORCEMENT 167
6.1 Introduction 167
6.2 Tax Enforcement of Domestic Investment Fund Investments 168
6.3 Tax Enforcement of Cross Border Investment Fund Investmentsl71
6.3.1 National Measures 171
6.3.2 Savings Tax Directive 173
6.3.3 International Exchange of Tax Information 184
6.4 Conclusions 192
7 TAXATION OF INVESTMENT FUND INVESTMENTS AND
NEGATIVE INTEGRATION 195
7.1 Introduction 195
7.2 Relevant Fundamental Freedoms 199
7.3 Discrimination and Restrictions on Fundamental Freedoms in the
Income Tax Case Law of the European Court of Justice 202
7.3.1 Discrimination of Non Residents 202
7.3.2 Home State and Host State Restrictions 211
7.3.3 Justifications 217
7.3.4 Case Law on the Free Movement of Capital 229
7.3.5 Case Law on the Freedom to Provide Services 239
7.3.6 On Tax Treaties and Community Law 242
7.4 Tax Treatment of Non Resident Investment Funds in Source
State of Income 247
7.4.1 Issue Withholding Taxes at Source 247
7.4.2 Assessment under Community Law 249
7.5 Tax Treatment of Resident Investors of Foreign Investment
Funds 253
7.5.1 Issue 1 Tax Benefits 253
7.5.2 Assessment under Community Law 255
7.5.3 Issue 2 Anti Avoidance Measures 263
7.5.4 Assessment under Community Law 266
7.6 Tax Treatment of Non Resident Investors of Domestic
Investment Funds 278
7.6.1 Issues Withholding Taxes Eligibility for Tax Benefits at Source. 278
7.6.2 Assessment under Community Law 279
7.7 Investment Fund Investments and Tax Treaties 286
7.7.1 Issue Tax Treaty Provisions Affecting Investment Funds 286
7.7.2 Assessment under Community Law 287
7.8 Conclusions 297
8 TAXATION OF INVESTMENT FUND INVESTMENTS AND
POSITIVE INTEGRATION 301
8.1 Introduction 301
8.2 Tax Policy Objectives in the Single Investment Funds Market. 304
8.2.1 Tax Neutrality 304
8.2.1.1 General Considerations 304
8.2.1.2 Direct Investment vs. Investment Fund Investment 310
8.2.1.3 Single Market Neutrality 314
8.2.2 Tax Enforcement 315
8.2.3 Other Objectives 317
8.3 Solutions to Tax Problems in the Single Investment Funds
Market 318
8.3.1 General Remarks 318
8.3.2 Measures Related to Tax Treatment 320
8.3.2.1 Abolition of Withholding Taxes in the Source State of
Income 320
8.3.2.2 Elimination of Double Taxation of Income 327
8.3.3 Measures Related to Tax Enforcement 337
8.3.3.1 Automatic Exchange of Information 337
8.3.3.2 Withholding Tax System 343
8.4 Conclusions 345
8.5 Final Remarks and Future Prospects 346
BIBLIOGRAPHY 351
TABLE OF CASES 379 |
| any_adam_object | 1 |
| author | Viitala, Tomi |
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| indexdate | 2025-01-02T11:07:27Z |
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| spelling | Viitala, Tomi Verfasser aut Tax treatment of investment funds and their investors within the European Union Tomi Viitala Turku 2004 382 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Turun Kauppakorkeakoulun julkaisuja : A 2004,12 Zugl.: Turku, Turku School od Economics and Business Administration, Diss., 2004 Euroopan unioni Europäische Union (DE-588)5098525-5 gnd rswk-swf EU-maat ysa sijoittajat ysa sijoitukset ysa sijoitusrahastot ysa taloudellinen integraatio ysa verotus ysa Investmentfonds (DE-588)4114047-3 gnd rswk-swf Mitgliedsstaaten (DE-588)4170174-4 gnd rswk-swf Steuerrecht (DE-588)4116614-0 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Europäische Union (DE-588)5098525-5 b Mitgliedsstaaten (DE-588)4170174-4 s Steuerrecht (DE-588)4116614-0 s Investmentfonds (DE-588)4114047-3 s DE-604 Turun Kauppakorkeakoulun julkaisuja A ; 2004,12 (DE-604)BV008914818 2004,12 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=012945519&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Viitala, Tomi Tax treatment of investment funds and their investors within the European Union Turun Kauppakorkeakoulun julkaisuja Euroopan unioni Europäische Union (DE-588)5098525-5 gnd EU-maat ysa sijoittajat ysa sijoitukset ysa sijoitusrahastot ysa taloudellinen integraatio ysa verotus ysa Investmentfonds (DE-588)4114047-3 gnd Mitgliedsstaaten (DE-588)4170174-4 gnd Steuerrecht (DE-588)4116614-0 gnd |
| subject_GND | (DE-588)5098525-5 (DE-588)4114047-3 (DE-588)4170174-4 (DE-588)4116614-0 (DE-588)4113937-9 |
| title | Tax treatment of investment funds and their investors within the European Union |
| title_auth | Tax treatment of investment funds and their investors within the European Union |
| title_exact_search | Tax treatment of investment funds and their investors within the European Union |
| title_full | Tax treatment of investment funds and their investors within the European Union Tomi Viitala |
| title_fullStr | Tax treatment of investment funds and their investors within the European Union Tomi Viitala |
| title_full_unstemmed | Tax treatment of investment funds and their investors within the European Union Tomi Viitala |
| title_short | Tax treatment of investment funds and their investors within the European Union |
| title_sort | tax treatment of investment funds and their investors within the european union |
| topic | Euroopan unioni Europäische Union (DE-588)5098525-5 gnd EU-maat ysa sijoittajat ysa sijoitukset ysa sijoitusrahastot ysa taloudellinen integraatio ysa verotus ysa Investmentfonds (DE-588)4114047-3 gnd Mitgliedsstaaten (DE-588)4170174-4 gnd Steuerrecht (DE-588)4116614-0 gnd |
| topic_facet | Euroopan unioni Europäische Union EU-maat sijoittajat sijoitukset sijoitusrahastot taloudellinen integraatio verotus Investmentfonds Mitgliedsstaaten Steuerrecht Hochschulschrift |
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