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The Treasury has now launched its consultation on the introduction of authorised tax-transparent funds, which will help to maintain the UK's position as a competitive fund domicile. It will allow the UK to capitalise on its ability to host Master funds, and investors across Europe will benefit from UK-based feeder funds.* Julie Patterson, Director of Authorised Funds and Tax at the IMA (Investment Management Association), commented: "Today's announcement is a positive start to the year for the UK fund industry. We look forward to engaging with the Treasury as part of the consultation and ensuring that the new vehicle works for investors." |
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