The political, economic and constitutional fallout of the UK’s referendum decision to leave the European Union (Brexit) will continue for some time. In addition to considering some of the possible domestic UK tax implications...more
7/2/2016
/ CFCs ,
Controlled Foreign Corporations ,
Corporate Taxes ,
Customs ,
Dividends ,
EU ,
European Economic Area (EEA) ,
Exit Tax ,
ICAV ,
Income Taxes ,
International Tax Issues ,
Referendums ,
Stamp Taxes ,
Tax Treaty ,
Transfer Pricing ,
UK ,
UK Brexit ,
Value-Added Tax (VAT)
On 13 January 2016 the German Federal Finance Court (Bundesfinanzhof –“BFH”) published its ruling on securities lending transactions (“Ruling”). The Ruling was long-awaited and rumor had it that it might bring about a...more
On 17 December 2015 the German Ministry of Finance (Bundesfinanzministerium) circulated its consultation draft bill on the reform of fund taxation (‘Ministry’s Draft’). The Ministry’s Draft still contains a complete revision...more
The German Ministry of Finance (Bundesfinanzministerium) circulated a discussion draft bill on the reform of fund taxation (‘Draft Bill’) on 22 July 2015.
The Draft Bill contains significant changes to the German tax...more
8/3/2015
/ AIFs ,
Capital Contributions ,
Capital Gains ,
Corporate Taxes ,
Dividends ,
Exemptions ,
Foreign Investment ,
Germany ,
Income Taxes ,
Investment Funds ,
Investment Portfolios ,
Investors ,
Lump Sum Payments ,
Mutual Funds ,
Partnerships ,
Retail Market ,
Ring-Fencing ,
Taxable Income ,
UCITS ,
Withholding Tax
The long-awaited European regulation on European long-term investment funds (ELTIF Regulation) was finally published in the Official Journal of the EU on May 19, 2015. The ELTIF Regulation will offer fund managers a new label...more
7/21/2015
/ AIFM ,
Asset Diversification ,
Asset Management ,
Capital Assets ,
Distribution Rules ,
EU ,
Financial Institutions ,
Financial Transaction Tax ,
Fund Managers ,
Investment Fund Vehicles ,
Investment Funds ,
Investment Portfolios ,
Long-Term Investment Funds ,
Right of Redemption
Germany’s fund taxation regime continues to evolve as the country further refines and reforms domestic tax laws that were subject to significant changes towards the end of 2013 – when Germany introduced new domestic tax rules...more
The German Federal Ministry of Finance has recently issued guidance that broadens the favorable tax regime for investment partnerships applicable to closed-end alternative investment funds (AIFs). The following Dechert...more
2/19/2015
The German Federal States on 29 November 2013 approved the bill for the adjustment of the German Investment Tax Act (see also DechertOnPoint: German Investment Tax Act for Alternative Investment Funds) as adopted by the...more
12/5/2013