EU: Capital markets action plan; cross-border tax barriers

Capital markets action plan; cross-border tax barriers

The European Commission today announced the launch of a capital markets union action plan, to provide a “true single market for capital” across the 28 EU Member States. A goal of the action plan is to boost business funding and investment financing across borders. As part of this initiative, the action plan would aim to remove cross-border tax barriers and address the debt/equity bias as well as tax incentives.

Related content

According to the EC release, in breaking down barriers that are blocking cross-border investments in the EU, this would make it easier for companies and infrastructure projects to get needed finance, regardless of their location. The initial steps include the relaunch of high-quality securitisation to promote long-term investment in infrastructure.  By the end of the year, the EC intends to announce proposed changes to the Prospectus Directive so as to make it easier and less expensive for small and medium-sized companies to raise capital.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal



KPMG's new digital platform

KPMG's new digital platform