The ever-increasing complexity and volume of global compliance
regulations related to alternative investments is putting pressure
on fund managers to ensure the right level of peripheral services
are attached to their funds.
Base Erosion and Profit Shifting (BEPS), the Organisation for
Economic Cooperation and Development's (OECD) project, led to
the most significant changes to how international businesses are
taxed in a generation.
Tax legislation not keeping up with globalisation had opened
opportunities for multinationals to minimise their tax burdens.
This led to the Group of 20 (G20) instructing the OECD to prepare
an action plan with respective reports to counteract BEPS. This
comprehensive package of measures is now being adopted widely in
local legislation and within tax treaties.
