European Commission to Propose Tax Relief to Spur Investment

New proposals to reduce tax burdens on European savers and investors will be presented later this month by the European Commission in the latest effort to boost Europe’s savings and investment culture and mobilize private savings.
The tax measures under consideration include deductions for opening savings and investment accounts, exemptions on investment income, and a deferral system so that people are taxed only when they withdraw from the accounts, according to a draft document seen by Bloomberg.