…a result, a turnover tax liability of the management fee was regularly assumed for these fund companies. Since venture capital and private equity funds are generally not entitled to deduct…
ILPA Principles 3.0 – News for the fund structuring practice
…for the allocation of co-investments when funds are established. Transparency Having a transparent reporting system for funds is becoming increasingly important. ILPA highlights in this context: Management fee / other…
International harmony versus national fragments
…German regulatory Framework for debt funds; Germany’s reaction on the European Court of Justice’s decision of 9 December 2015 on VAT on management fees; and the new German investment tax…