The Dutch government has concluded an agreement with the United Kingdom on the tax aspects of the Dutch closed-end common fund, granting tax transparency to both pension funds and investors. The Competent Authority Agreement provides tax clarity for entities in which assets are brought together.
The closed-end common fund is used as an investment vehicle by pension funds and other investors. The agreement with the UK, which entered into force on August 9, 2010, gives this type of fund certainty with respect to taxes.
According to the Dutch finance ministry, the Netherlands concluded a similar agreement with Canada in June 2010. Consultations are now also being held with the United States for the conclusion of a Competent Authority Agreement, it notes.
.Tags: tax | investment | agreements | financial services | pensions | Canada | Netherlands | United Kingdom | United States | services
Network Tweets
Archive |
Resources |
Partners |
Site Map |
Links |
Newsletter Archive |
Contact
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment