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Consultations & legislation
16 December 2008
The Government announced a package of proposals to enhance the competitiveness of the UK as a place for funds to locate in Budget 2008. One of key proposals was that the Government would engage with industry to consider a direct tax exemption for Authorised Investment Funds based in the UK.
A discussion paper was published in July 2008 which set out the Government's thinking on how to deliver a more competitive tax regime for Authorised Investment Funds. The Government is today publishing a summary of responses to that discussion paper and intends to issue draft legislation for consultation in the new year.
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