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The European Commission has formally requested Estonia to amend its tax legislation as it discriminates against non-resident investment funds. Under Estonian tax law, domestic investment funds are treated more favourably than comparable investment funds established in other EU Member States or in countries of the European Economic Area (EEA). In practice, it means that resident funds are entitled to get a tax exemption for their real estate income, while comparable funds established in other EU Member States and EEA countries are subject to tax, thus creating a higher tax burden on the latter.




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