Dublin moves to attract investment firms with new law

The main measures of the Bill, which affect the investment management industry, include changes to facilitate UCITS IV, the remittance basis of taxation, a new transfer pricing regime and new rules on non residency declarations. Under provisions related to the introduction of Ucits IV, proposals include protecting the tax residency and existing tax position of any foreign UCITS managed by Irish investment management companies.  The Bill also clarifies that unitholders in such foreign funds will be treated in the same manner as unitholders in offshore funds and no Irish exit tax needs ...