Taxation of Income from Domestic and Cross-border Collective Investment

A Qualitative and Quantitative Comparison

  • Andreas Oestreicher
  • Markus Hammer

Table of contents

  1. Front Matter
    Pages i-xx
  2. Andreas Oestreicher, Markus Hammer
    Pages 1-5
  3. Andreas Oestreicher, Markus Hammer
    Pages 7-90
  4. Andreas Oestreicher, Markus Hammer
    Pages 91-150

About this book


The Fund Reporting Cloud® has made tax reporting less complex, but comparing the effective tax treatment of investment funds and their investors in an international environment is still an ambitious task. Against this background, this study examines the tax consequences at fund, asset, and investor level. In geographical terms our comparison covers eleven European countries, the USA, and Japan. Our analysis of the relevant tax provisions, which is of a primarily qualitative nature, is complemented by a quantitative comparison of the tax burden for a model investor investing assets nationally in the form of a collective investment. It will be of interest both for investors seeking tax advantages and for governments to check whether there is a need for tax reforms. It also ties in perfectly with the current evaluations at OECD level in the context of TRACE.


Collective investment Effective tax burden Income taxation International comparison Investment funds

Editors and affiliations

  • Andreas Oestreicher
    • 1
  • Markus Hammer
    • 2
  1. 1.Business Administration, Tax DivisionUniversity of Göttingen Faculty of Economic SciencesGöttingenGermany
  2. 2.Financial Services TaxPricewaterhouseCoopers AG WirtschaftsprüfungsgesellschaftFrankfurt am MainGermany

Bibliographic information