The idea that around 50 publicly traded companies in Germany, Europe, and the USA could pay dividends tax-free or only partially taxable from capital reserves by 2025 is a fascinating speculation. However, there is a lack of concrete evidence to support this forecast. Nevertheless, there are existing regulations in Germany and the EU that could enable tax-free or tax-favored income for investors.
Tax Treatment of Dividends
Germany
In Germany, dividends are generally subject to a flat tax of 25%, plus a solidarity surcharge. However, there are exceptions, for example, when foreign withholding taxes can be credited, provided that they are not already tax-free.
Europe
Within the EU, tax laws vary considerably. Some countries offer tax relief or even exemptions for certain types of income.
USA
In the USA, dividends are also taxable, with the tax burden varying by income bracket. However, there is no general regulation for tax-free dividends from capital reserves.
Tax-Free or Tax-Favored Investment Options
Investors have various options available to make tax-efficient investments. For example, buying physical gold is exempt from VAT in Germany and the EU. Profits from selling gold are tax-free if the gold has been held for at least a year.
Bond ETFs provide a way to invest in bonds, although the interest is taxable. However, there are no specific tax-free bond ETFs available.
Tax Tricks and Tax Avoidance
Some companies use complex tax tricks to minimize their tax burden. This includes paying royalties to subsidiaries in countries with low tax rates or using banks to provide tax advantages to foreign investors.
In conclusion, there is no universal regulation for tax-free dividends from capital reserves in Germany and the EU. Investors should inform themselves about the tax framework and consult a tax advisor if necessary.