The European industry is increasing its focus on the impact of national taxation regimes on investment flows.

The latest update from the European Commission to the European Parliament, the European Council, the European Central Bank, the European Economic and Social Committee and the Committee of the Regions on the Savings and Investments Union strategy includes a section on taxation, one of the areas of focus for the structured products industry. Taxation significantly influences retail investment decisions across European markets - Thomas Wulf “This is an important issue not only as a level