Brexit
Fund managers seek tax deal to repatriate cash from Luxembourg
According to industry estimates, close to $1 trillion is managed by UK-based fund managers for funds based in Ireland or Luxembourg
Fund managers are lobbying the UK for favourable tax treatment if they relocate billions of pounds of cash from European countries after Brexit.
The Treasury and a group of asset managers have discussed the repatriation of cash belonging to British investors in the event that the EU changes the regulations of Britain's investment industry, according to people familiar with the talks.
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