Funds to consolidate jurisdictions after OECD tax initiative

Anti-tax avoidance measures will see managers operating in a world in which reporting of profits, tax paid and employee numbers is the norm, says PwC


The UK is stepping up to compete with the rest of Europe with a truly operational tax transparent fund (TTF) vehicle. The taxman, however, remains at the top of the agenda for governments, corporations and individuals after several high-profile cases this year. The ‘tax morality’ debate has been a hot topic of recent months, with governments seeking to plug deficits and clamp down on tax avoiders. Many hedge and alternative fund managers have found themselves at the forefront of this debate and

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