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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The EU has seemingly capitulated to the US’s ‘side-by-side’ demands. This may be a win for the US, but the uncertainty has only just begun for pillar two
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