Tax Avoidance on Debt Buy-Backs and Authorized Investment Funds

Journal
Lallemand, C.
United Kingdom
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 2012 (Volume 14), No. 3
FormatPDF
EUR
40
| USD
45
(VAT excl.)

Recent changes to legislation have closed two tax avoidance arrangements involving debt buy-backs and authorized investment fund income. This article describes the measures put in place to deal with the tax avoidance arrangements, but discusses debt buy-backs in more detail, as the measures could potentially affect transactions whose main purpose is not tax avoidance.