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Sector focus: Tax and the investment funds industry

Will Smith, Leonard Ng, Chris Brause and Stuart Pibworth (Sidley Austin) review recent developments within the investment funds industry which faces numerous challenges in the form of UK and international tax initiatives, as well as ongoing regulatory change.
 

Many readers will be all too aware of the recent tax developments which have evidenced a particular focus on both tax transparency and tackling the perceived inadequacies with both the domestic and international tax systems.

UK and international developments are of significant interest to the investment funds industry. Due to its inherently international nature owing to the requirement to utilise cross-border management and investment structures along with attracting a broad range of professionals the developments have required that the investment funds industry manages a particular...

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