THE REGULATION OF EU MEMBER STATES ON THE TAX TREATMENT FOR INVESTMENT INCOME AND ITS INFLUENCE ON HOUSEHOLD SAVINGS
THE REGULATION OF EU MEMBER STATES ON THE TAX TREATMENT FOR INVESTMENT INCOME AND ITS INFLUENCE ON HOUSEHOLD SAVINGS

Author(s): Mihaela Tofan
Subject(s): Law, Constitution, Jurisprudence
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: EU taxation; investments income; Member States;
Summary/Abstract: Taxation is a relatively new field and disputed area of integration for European legislation, yet there are aspects of similarity and harmonization in the field of tax regulation of investment income. The paper analyzes the national legal framework of the European Union Member States for the tax treatment of investment income. The era of exclusive unilateral regulation of the tax system has been overtaken by the need to build assistance mechanisms in the context of globalization and digitalisation of trade. The international dimension of private investments has stimulated cooperation projects between governments and legislative actors in different states and has paved the way for multilateral agreements in this particular area of law.There is a delicate balance between the autonomous right of states to regulate taxation and the need for common regulation in order to have an effective response in the rule of law to the reality of the global taxation. This effect is presented in connection with the influence on household saving behavior.

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