Tax is taxing for UCITS funds


Tax is complicated at the best of times. And not surprisingly, many players have argued that tax differences are hindering the seamless development of a European-wide framework for the alternative UCITS industry.

For UCITS to be a truly seamless fund framework across the whole of the EU, tax harmonisation across the different member states would be a key to creating this.

However, the 27 countries that make up the European Union all have different tax regimes, treatments, benefits and respective nuances – and are likely to remain very much able to choose their own fund tax regimes and