Opinion

Tax is taxing for UCITS funds

by

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