EU consultation on tax discrimination against equity commented on (in German)

We have participated in the EU Commission's consultation on equity discrimination. The Commission's proposals all relate to the possibilities of providing tax incentives at company level for the use of equity. In our commentary, we point out that the tax discrimination against equity, especially in the case of equity investment, can be reduced by exempting capital gains from tax after a certain holding period. This would not be applied at the company level, but at the investor level. This would be a signal to broad sections of the population to invest more in shares.