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...)