29/04/2011 Reply to the EC consultation on Collective RedressEuroInvestors reply to the European Commission consultation Towards a coherent European approach to Collective Redress

Position paper:
EFI response on Collective Redress1304088422.pdf

29/04/2011 EuroInvestors' reply to the European Commission consultation on Withholding Taxes on DividendsEuroInvestors believes that double taxation of dividends represents an increasingly more and moreimportant impediment to the accomplishment of the Single Market and thereforehighly welcomes this consultation on possible solutions for taxation problems thatarise when dividends are distributed across border. The consultation is thelogical consequence of the Commission's recent initiatives to remove doubletaxation and discriminatory situations, in particular through its upcominginitiative planned for 2012, its Communications COM(2010) on removingcross-border tax obstacles for EU citizens and its Recommendation 2009/784/ECon withholding tax relief procedure.Juridical andeconomic double taxation of cross-border dividends still is a reality for EUindividuals. Such situations are unfair and increasingly detrimental toindividual investors not only but also in a context of more frequentcross-border corporate mergers.EuroInvestors believes that Option 1(Abolition of withholding taxes on cross-border dividend payments toportfolio/individual investors) is the simplest, fairest and most efficientapproach to remove the double taxation of cross-border dividends received byindividual investors. We believe that this should be coupled with an improvedinformation exchange framework across Member States to avoid tax evasion.We regret howeverthat this consultation is limited to dividend income, as there is alsowidespread discrimination of EU private investors regarding other types ofcross-border investment income. We also regret that individual investors andsavers are not more closely consulted and involved throughout the policy-makingprocess and in expert groups on taxation of savings and investments as theyrepresent major stakeholder interests.

Position paper:
EFI Reply on Withholding Taxes on Dividends 20111304075540.pdf

03/03/2011 3/3/2011 Danish Shareholders Association replies to European Commission on Bank Recovery and Resolution