Fund managers face £40m tax bill on Mifid II research

Have a read of Financial News’ article ‘Fund managers face £40m tax bill on Mifid II research’ by David Ricketts, November 24, 2017

“Fund managers look set to fail in their efforts to avoid a costly tax bill on the investment research they buy from banks after new European Union rules come into force in January.”

“In conjunction with the UK budget on Wednesday, the Office for Budget Responsibility, which analyses the public finances, estimated that…..”

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