On December 16, 2015, the German Ministry of Finance published the draft law on the reform of the German Investment Tax Act (the "Draft"). This commencement of the legislative process follows a six-month discussion with the German investment industry about an ... (more)
According to the European Court of Justice (ECJ) in the Fiscale Eenheid case (C-595/13), the VAT exemption for the management of investment funds may also apply to risk diversified closed ended funds investing in real estate, provided these funds are ... (more)
On November 11, 2015, the Joint Committee of the European Supervisory Authorities EBA, EIOPA and ESMA presented drafts of several technical standards. The draft regulatory technical standards relating to key information documents for packaged retail and insurance-based investment products (PRIIPs) provide ... (more)
