The UK Government’s Consultation on Reforms to Sovereign Immunity from Tax on UK Source Income and Gains

The United Kingdom has proposed significant changes to the tax regime governing the treatment of sovereign investors. The proposals would significantly curtail the scope of the existing exemption and create a new process for confirming eligibility. If enacted, the proposals would mark a sea change in the current generous treatment of sovereign wealth funds, public sector pension funds, and other state-owned actors in the United Kingdom.

This latest issue of Morrison Foerster’s Sovereign Investor Insights series explores the new proposal and considers its implications for sovereign investors.

To subscribe please contact Aleks Zuraw.