PIAC urges the European Commission to evaluate Canadian pension plan dividend taxation
August 27, 2024
The Pension Investment Association of Canada (PIAC) says Canadian pension plans are facing unforeseen taxation on dividends in European Union (EU) countries such as Germany and the Netherlands.
In an open letter, PIAC urged the European Commission to evaluate Canadian pension plan dividend taxation relative to settled European tax law and the free movement of capital within the EU.
It noted that over the last decade, several PIAC members have been subject to taxation of dividends and/or received reassessments of previously refunded dividend withholding tax from various EU member states.
“These discriminatory and distortive tax practices jeopardize the reputation of European capital markets and the reliability of the EU legal and tax system,” the letter states.
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