Listen to Baker McKenzie's new Funds Tax Talks podcast series for a discussion and insights on some of the most pressing tax issues affecting investment funds.
Episode 4: Rough Seas: Global Tax and Regulatory Challenges for Crypto Funds
Establishing a spot crypto-asset investment and where to do so requires a deep understanding of the regulatory environment and the tax consequences in multiple jurisdictions. In this new Fund Tax Talks episode, Roger, Javier and Henrik discuss the potential tax issues to be addressed by crypto-asset Fund Managers. They are joined by Michael, Usman and Iris, who discuss the fascinating and contrasting regulatory and litigation landscapes in Canada, the US and the EU. A must listen episode!
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Episode 3: Comparing the UK and Luxembourg as fund holding company platforms
In this episode of the Funds Tax Talks podcast series, our experts (Alistair Craig, Diogo Duarte de Oliveira and Henrik Stipdonk) address how the UK’s recently introduced Qualifying Asset Holding Company (“QUAC”) regime compares against the long-established Luxembourg regime for fund holding company structures. The discussion covers a wide range of tax and non-tax aspects and the team share their insights into key trends and how the market is likely to evolve in the years ahead.
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Episode 2: International Mobility of Funds and Fund Managers
International mobility of fund managers requires a deep understanding of a number of tax, employment, social security and immigration regulations. In this episode of Funds Tax Talks podcast, Ruben Lago and Charles Baudoin discuss the potential tax matters to be addressed by fund managers. They are joined by Annie Elfassi, who shares her views on the related employment and social security aspects on cross-border situations.
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Episode 1: Carried Interest and Management Incentives*
In this inaugural episode of Fund Tax Talks podcast, Rodrigo Ogea (Partner, Madrid) and Vadim Romanoff (Associate, London) of Baker McKenzie discuss the recent trends and policy developments in relation to carried interest taxation in Spain and the UK. They are joined by Willem Vunderink of Vunderink de Vries, who shares his views on the topic and addresses some of the key tax risk and mitigation strategies (including in respect of valuation methodologies) affecting management incentive structures in a typical private equity deal.
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* On 17 October 2022 (shortly after the date of recording of this episode), the incumbent UK Chancellor, Jeremy Hunt, made an emergency statement and announced that almost all of the tax changes set out in the Mini-Budget would be reversed. In particular, he confirmed that (in addition to possible future tax increases) the main rate of UK corporation tax would increase to 25% from 1 April 2023 and the IR35 rules affecting self-employed individuals would remain on the statute book. However, as of yet there have been no developments affecting the UK tax treatment of carried interest in the UK since the date of the recording.