The Resource Emergence and benefit of the UK Tax Transparent Fund

Emergence and benefit of the UK Tax Transparent Fund

Label
Emergence and benefit of the UK Tax Transparent Fund
Title
Emergence and benefit of the UK Tax Transparent Fund
Creator
Subject
Language
eng
Summary
The introduction of the UK tax transparent fund (TTF) from 1 July 2013 formed a key part of the UK government's Investment Management Strategy, designed to consolidate the UK's position as a leading global centre for fund management and increase the U.K.'s share of fund domicile. Recent government figures put the UK's existing share of fund domicile at just 11% of European domiciled funds, compared to the 36% of European assets under management being managed from the UK. The UK government introduced a package of measures in its 2013 Budget to improve the UK's competitive offering to the sector. By introducing the U.K. TTF, the government intended that the U.K. would be able to compete to win appropriate shares of European pooled funds as UK domiciled funds. This article provides a general overview of tax transparent pooling, its potential benefits and the tax transparent pooling market in Europe, before going on to consider the UK TTF in more detail, how it compares to other similar vehicles available in Europe, who might consider using a UK TTF, and finally what the future might hold for the UK TTF
Citation source
In: Tax planning international : European tax service. - London. - Vol. 16 (2014),
http://library.link/vocab/creatorName
  • Giralt, M
  • Mitchell, C
  • Noble, B
Geographic coverage
  • European Union
  • Europe
Language note
English
http://library.link/vocab/subjectName
  • investment fund
  • tax transparency
Label
Emergence and benefit of the UK Tax Transparent Fund
Instantiates
Publication
Label
Emergence and benefit of the UK Tax Transparent Fund
Publication

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