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mercredi 15 septembre 2010
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EFAMA/ KPMG’s European Investment Management Practice UCITS IV Report
Finds Numerous Tax Roadblocks to Harmonised European Fund Industry An industry research report published jointly today by the European Fund and Asset Management Association (EFAMA) and KPMG’s European Investment Management practice shows that there are significant tax complications in the new Undertakings for Collective Investment in Transferable Securities (UCITS IV) Directive that prevent the achievement of a harmonised European funds industry. The report identifies critical tax issues and numerous examples of unequal treatment (“discrimination”) and inefficiencies across the 27 European Union (EU) Member States. The report, entitled Analysis of the tax implications of UCITS IV, recognises that the UCITS IV Directive to be implemented by Member States by July 2011 offers...
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