Position

Summary:

EuroInvestors (EFI) agrees with the European Commission (EC) that venture capital is particularly important for small and medium enterprises (SMEs) in the EU, since venture capital provides finance to companies with promising but untested business models that are confronted with high levels of uncertainty as regards their future prospects. In these circumstances, these companies often face difficulties to find access to other more traditional sources of funding, in particular innovative start-up businesses that face difficulty in accessing traditional bank lending or finance through stock exchanges. But, at the same time, EFI is concerned that by legitimately trying to ease venture capital funding for SMEs, the EC may be lowering the investors’ protection level.

Position paper:
EFI reply to EC consultation A new European regime for Venture Capital1322648264.pdf

Position

Summary:

Good principles of corporate governance and their proper implementation in all listed companies, is of vital importance for their long-term survival, growth and stability, for ensuring the long term interests of shareholders is not overlooked, and furthermore for the stability and sustainable development of the economy and the financial system. Therefore, Euroshareholders welcomes initiative of the European Commission to review and improve existing corporate governance legislation and soft law.

Position paper:
ESH reply Green Paper The EU Corp Gov framework 20111312880997.pdf

Position

Summary:

Euroshareholders believes that double taxation of dividends represents an increasingly more and more important impediment to the accomplishment of the Single Market and therefore highly welcomes this consultation on possible solutions for taxation problems that arise when dividends are distributed across border. The consultation is the logical consequence of the Commission’s recent initiatives to remove double taxation and discriminatory situations, in particular through its upcoming initiative planned for 2012, its Communications COM(2010) on removing cross-border tax obstacles for EU citizens and its Recommendation 2009/784/EC on withholding tax relief procedure. Juridical and economic double taxation of cross-border dividends still is a reality for EU individuals. Such situations are unfair and increasingly detrimental to individual investors not only but also in a context of more frequent cross-border corporate mergers. Euroshareholders believes that Option 1 (Abolition of withholding taxes on cross-border dividend payments to portfolio/individual investors) is the simplest, fairest and most efficient approach to remove the double taxation of cross-border dividends received by individual investors. We believe that this should be coupled with an improved information exchange framework across Member States to avoid tax evasion. We regret however that this consultation is limited to dividend income, as there is also widespread discrimination of EU private investors regarding other types of cross-border investment income. We also regret that individual investors and savers are not more closely consulted and involved throughout the policy-making process and in expert groups on taxation of savings and investments as they represent major stakeholder interests.

Position paper:
ESH Reply on Withholding Taxes on Dividends 20111304077065.pdf

Position

Summary:

Euroshareholders reply to the European Commission consultation Towards a coherent European approach to Collective Redress

Position paper:
ESH response on Collective Redress1304087929.pdf

Position

Summary:

3/3/2011 Danish Shareholders Association replies to European Commission on Bank Recovery and Resolution

Position paper:
DAF on Bank recovery and Resolution1299256660.pdf