The Organisation for Economic Co-operation and Development’s Action Plan on Base Erosion and Profit Shifting – BEPS to you and me – was not really aimed at private funds. The bid to tackle aggressive tax planning by multinationals is, however, starting to affect fund domicile choice, says Travers Smith partner Elena Rowlands in this sponsored comment for Private Funds CFO.
“The days of locating a ‘letterbox company’ in a jurisdiction for tax purposes would appear to be over,” writes Rowlands.
We are also rounding off our guide to the world’s most popular fund domiciles today with experts from Jersey, Guernsey and Singapore putting the case for their home turf. Previously we heard from professionals in Delaware, Cayman, Luxembourg and Ireland.
Email prepared by Toby Mitchenall.