Fitch: Divergent EU Tax Regimes Revive Bank DTA Questions

April 15, 2015 3:12 PM

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(The following statement was released by the rating agency) LONDON, April 15 (Fitch) Lack of harmonization among EU tax regimes and the different treatment of deferred tax assets (DTA) are causing regulatory uncertainty for bank debt investors, Fitch Ratings says.

Formal investigations into whether some banks benefited from state aid as a result of DTA credit conversion have not yet been launched by the European Commission but diverging tax regimes across the EU provide opportunities for questions about whether this constitutes state aid, which is not permitt...

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