The Investment Association (IA) has called for "significant improvements to the UK direct and indirect tax regime" in its submission to HM Treasury's review of the UK funds regime in light of Brexit.
The trade body said this was one of three key priorities in terms of government regulatory action, and listed the other two as "innovation in the UK fund architecture", and "the need for a fully energised approach to branding and promotion". The government has been seeking input into its review of the funds tax regime, which it announced in the Budget last year. Stakeholders had until 20 April to submit their views on tax and regulation specifically. Industry reacts: IA Global Bonds sector now split into 13 new segments In its proposals for the UK's approach to fund taxation, the I...
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