Following the introduction of the UK tax transparent fund (UK TTF) by the UK government in July 2013, we are now seeing real interest in the product and how it compares with vehicles already available in the European market. The first UK TTF was introduced by BlackRock Investment Management in June 2014, triggering debate about how these vehicles can be used to satisfy investor and business requirements.
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While it’s great that the OECD is alive to multinationals’ fears of being caught in a compliance trap, the ‘common understanding’ illustrates a worrying lack of readiness
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