UCITS and tax risk management - A survey on the disclosure of tax affairs from the perspective of investors

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In this paper the current state of the tax information disclosed by UCITS to (invited) investors is investigated. It concerns a survey of the prospectus, KID and annual reports of UCITS located in Luxembourg. For this survey, Luxembourg has been chosen, as approximately 33% of the UCITS are located in Luxembourg. The analysis of the prospectus, KID and most recent annual reports of the UCITS managed by the five largest management companies of Luxembourg focuses on the following tax items:
- Tax strategy;
- Tax exposure and identification and evaluation of tax-related risks; and
- Tax infrastructure and tax risk management framework.
The scope of the paper is limited to tax affairs related to the investments of UCITS.
Original languageEnglish
Title of host publicationOde aan Bart
Subtitle of host publicationVan Zadelhoff-bundel
EditorsJan Bouwman, Nineke Groefsema, Willemein Grooten
Place of PublicationDeventer
PublisherWolters Kluwer
Number of pages6
ISBN (Electronic)9789013145748
ISBN (Print)9789013145731
Publication statusPublished - 30-Sept-2017

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