The OECD’s base erosion and profit shifting initiative is causing firms to think about moving funds – firm and all – to a single jurisdiction to satisfy its economic substance requirements, said panelists at CFOs & COOs Forum Europe last week.
The initiative is a game changer on ‘economic substance’ requirements, and also illustrates the arc of the OECD’s aims in preventing tax avoidance, with implications for funds and LPs.
More on all that in today’s story, linked above.
Email prepared by Graham Bippart
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