Governments across the world are pushing for a bigger slice of hedge fund profits as they struggle to reduce deficits and appease disgruntled voters.
In the US a landmark piece of legislation, the Foreign Account Tax Compliance Act (Fatca), is drastically changing taxation for US citizens who invest in offshore hedge funds. In the UK taxation rules have also changed.
“Fatca is all about transparency. The US government wants to know where US taxpayers are putting their assets,” says Michael Laveman
The week on Risk.net, July 14–20, 2017Receive this by email