80The difference in treatment to which portfolio dividends are subject has the effect of discouraging companies resident in Austria from investing capital in companies established in other Member States and in non-member States party to the EEA Agreement. Since, in Austria, dividends received from companies established in other Member States and in non-member States party to the EEA Agreement receive less favourable tax treatment than dividends received from a company established in Austria, the shares of the former companies are less attractive to investors resident in Austria than shares in companies established in Austria.
Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.