Coinciding with the end of the UK-EU Brexit transition period, the United Kingdom has dramatically reduced the scope of DAC 6 reporting obligations in the United Kingdom. ...more
The European Union has updated its list of non-cooperative tax jurisdictions to include the Cayman Islands. This addition could have certain repercussions for fund managers, sponsors, and investors operating through the...more
The European Commission (the Commission) published on 2 April a summary of its findings on a state aid investigation into the United Kingdom’s controlled foreign company (CFC) finance company exemption. The Commission has...more
The EU’s Economic and Financial Affairs (Ecofin) Council updated the European Union’s list of non-cooperative jurisdictions for tax purposes on March 12. The “blacklist” has tripled in length to comprise 15 countries and now...more
The UK government seeks representations from stakeholders regarding the design of its proposed “digital services tax,” which would apply to search engines, social media platforms, and online marketplaces, and levy a 2% tax on...more
Does the United Kingdom’s vote to leave the European Union change the United Kingdom’s attractiveness as a holding company jurisdiction?...more
The statement is tax light, but there is continued focus on carried interest.
On 25 November, the UK Chancellor of the Exchequer George Osborne made a number of tax-related announcements in the 2015 Autumn Statement and...more
12/1/2015
/ Autumn Statement ,
Common Reporting Standard (CRS) ,
Employee Share Schemes ,
EU ,
FATCA ,
Fund Managers ,
Limited Partnerships ,
Peer-to-Peer ,
Private Equity ,
Stamp Duty Land Tax ,
Tax Avoidance ,
UK
UK government supports businesses, focusing on the UK's competitiveness while clamping down on tax avoidance and evasion.
On 20 March, UK Chancellor of the Exchequer George Osborne released the UK's 2013 budget. The...more