FinanceDublin.com - Increasingly competitive environment will require evolution of tax regime to remain relevant to global asset managers

PwC’s Laura McKeown says given the multitude of challenges for asset managers the importance of a jurisdiction with a tax regime that provides certainty and agility has never been greater and says the findings of the Funds Sector 2030 report should be used to frame the tax agenda for the asset management industry. Tax simplification and innovative approaches to taxation of technology, innovation and sustainability will be needed for Ireland to keep pace with the dynamic needs and demands of the global asset management sector, she adds.

Ireland has long been renowned as a key asset management location, offering a full suite of locally domiciled solutions and acting as a gateway to Europe for global asset managers. The industry, which at its core exists to meet the needs of investors and savers around the world as they seek to ensure financial security and stability in retirement, is also driving positive economic impact in Ireland. The sector continues to make substantial contributions to the national economy, in terms of emplo....

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