Last week we learned of the controversy that has arisen with the tax reform of the SICAV. Recall that the SICAV is an investment company with variable capital and raised the tax reform will affect the capital gains from income from 21,000 euros per year, could affect more than 10 million people and trigger a capital flight to other places fiscally attractive. In this regard, the Association of Collective Investment Institutions reported that the large sums that are managed investment companies are taxed for its attractive tax corporate tax at 1% instead of 30%. (more...)

An important economic turmoil which has raised the government's tax reform proposal. Assailed by all sectors but particularly for investors and companies. And that, as with mutual funds, savings is greatly affected by the tax reform. Investment companies with variable capital, insurance, pension funds, however, are the only figures that are not affected by the tax reform. Why? The SICAV's include a 1% corporate tax and the investor meets a 18% tax and 21% when the reform is approved, but only to liquidate the operation. This implies that the investor of SICAV's pay the taxes when you want and make final settlement of the transaction, which is not benefiting but are not harmed in the same way as deposits, stocks, interest-bearing accounts or accounts