EU. Commission struggles with tax exemptions in EU-wide pension proposal
As part of the capital markets union mid-term review, the Commission announced it would submit a legislative proposal on a pan-European personal pension product by the end of this month.
Dombrovskis told a group of journalists that the intention is to create a framework to enable providers to offer their pension schemes to customers across Europe.
The goal is to correct the “unevenness” of the European market in this field, address the difficulties to switch between products and to facilitate the portability of pension savings and their tax incentives across the bloc.
Dombrovskis explained that the current system is a patchwork of tax legislation applied to pension products.
“It is unlikely that we will reach full harmonisation,” he added.
Full Content: EurActiv
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