The Revised UCITS Directive (UCITS IV): A Missed Chance for Creating Common Rules on the Taxation of UCITS - Intertax View The Revised UCITS Directive (UCITS IV): A Missed Chance for Creating Common Rules on the Taxation of UCITS by - Intertax The Revised UCITS Directive (UCITS IV): A Missed Chance for Creating Common Rules on the Taxation of UCITS 41 3

The taxation of domestic and foreign Undertaking for Collective Investment in Transferable Securities (UCITS) in the Member States differs substantially. These differences in taxation distort the competition between UCITS. The aim of the UCITS Directive therefore could not be fully realized. In this contribution, the desirability of common (harmonized) European Union (EU) rules is reviewed. According to the author, the Member States can eventually not escape from including a chapter on the taxation of UCITS in the Directive, unless they settle for the current incomplete market in UCITS.

Intertax