Funds and EU Tax Directives

The paper will first briefly discuss the tax implications of the ‘funds-specific' directives and will proceed to analyse the Parent-Subsidiary Directive (PSD), the Anti-Tax Avoidance Directive (ATAD), the Directive on Administrative Cooperation in Direct Taxation (i.e., ‘exchange of information') (DAC), the Anti-Money Laundering Directive (AMLD) and the Tax Merger Directive and how they deal with the taxation of funds. It will conclude by pointing out at the shortcomings of the existing legislative framework and will propose solutions as to how this can be rectified