One minute with Caspar Fox, partner, Reed Smith
What are you currently working on?
A good variety of transactional projects mainly involving some international tax structuring. I am involved in a string of real estate investment funds as the real estate sector seems particularly vibrant at the moment. Private equity work is also noticeably picking up.
Comment on a change to UK tax law which you expect to happen.
I have been expecting for years for the quoted Eurobond exemption from withholding tax on interest to be restricted to bonds which are regularly traded on a recognised stock exchange. It has always felt rather artificial to me that bonds could benefit from that exemption even though in reality they will never be traded. I admit that I felt some self-satisfaction when HMRC proposed to restrict the exemption in 2012 – until of course HMRC announced that...
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One minute with Caspar Fox, partner, Reed Smith
What are you currently working on?
A good variety of transactional projects mainly involving some international tax structuring. I am involved in a string of real estate investment funds as the real estate sector seems particularly vibrant at the moment. Private equity work is also noticeably picking up.
Comment on a change to UK tax law which you expect to happen.
I have been expecting for years for the quoted Eurobond exemption from withholding tax on interest to be restricted to bonds which are regularly traded on a recognised stock exchange. It has always felt rather artificial to me that bonds could benefit from that exemption even though in reality they will never be traded. I admit that I felt some self-satisfaction when HMRC proposed to restrict the exemption in 2012 – until of course HMRC announced that...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: