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Under Belgian legislation gains realised by a Belgian resident on redemption of shares of mutual funds where more than 40 of the portfolio is invested in debt and who do not benefit from an authorization granted under Directive 85611 (on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS)) that are established in Belgium are not taxable, while capital gains on redemption of shares of such organizations in Norway and Iceland are taxable
The Commodity Futures Trading Commission filed an enforcement action against the Royal Bank of Canada alleging a years long, riskless wash sale scheme conducted by a small group of RBC personnel to generate certain lucrative Canadian tax benefits
On 1 October 2009 the ECJ decision in HSBC Holdings plc, Vidacos Nominees Ltd v HM Revenue & Customs that held that the 1.5 charge to SDRT when securities were issued through clearance services where no charge would otherwise be imposed was a breach to EU Law
The Advocate General concluded in March that the 1.5 SDRT regime for the issue or transfer of securities into clearance services is contrary to EU Law, breaching Article 56 of the EC Treaty and the Capital Duty Directive 69335
