|
By Pierre Kreemer (picture) Flora Castellani, KPMG Luxembourg *
Most readers are probably familiar with the now famous “BEPS”(1) action plan that was launched by the OECD in July 2013 and which contains 15 actions aiming at fighting aggressive tax planning and at changing the principles of international taxation in order to achieve what is called a “fair” taxation.
Among these 15 actions, one is of particular interest for the investment fund industry, including for alternative investment funds: BEPS action 6 on the prevention of treaty abuse. The purpose of this article is to briefly summarise the specific issues at stake for investment funds and the current state of play of the OECD work in this respect.
Background
...
|