6.4. Taxation Features Around the World: A Brief Comparative Analysis

The most important characteristics of European and American fiscal schemes are reported in this chapter.[2] The focus is not on the private equity industry, but the entire economic system; however, only financial taxable incomes (i.e., interests, capital gains) are considered.

2 See http://www.evca.comwww.evca.com, http://www.ec.europa-eu/taxation_customs/taxinuwww.ec.europa.ev/taxation_customs/taxinv, and publications about taxation of KPMG and PWC.

For each country, three types of taxes are analyzed:

  1. Corporate tax
  2. Withholding tax
  3. Personal tax

Corporate tax (or corporation tax) is a tax levied by each jurisdiction on profits made by companies or associations. It taxes ...

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