Treasury difficult merger with the funds as a tax saving for members of sicavs

Treasury difficult merger with the funds as a tax saving for members of sicavs

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Cinco Días

https://goo.gl/IACoZP

  • By Pablo M. Simón

"The sicavs are harassed by politics. The investiture pact between citizens and the Popular Party returns its control to the -now Tax Agency is under the baton of CNMV- and fixed at 0.05% the minimum participation for a shareholder count as one of the 100 needed for ultrarreducida benefit from tax of 1% in corporation tax against the general 25%."

"David Gassó, president of Economists Financial Advisors of the General Council of Economists, said that partners sicavs have three choices if you do not want surprises wait for regulation is clarified, convert sicav in a conventional company, so you lose the advantage of taxation on corporate capital gains but do not jump or merge with another sicav."