Tax issues should be ironed out if UCITS IV is to serve as the platform for a truly pan-European product, according to a report by KPMG.
Certain national tax rules have been amended to make UCITS IV more workable, according to the report entitled: Fill the glass to the brim II: have we broken through?
In efforts to remain attractive as locations for managing investment funds, countries like Italy, Ireland, Luxembourg and Sweden have introduced new tax rules that should allow...