Baker McKenzie Considers Challenge to Costly Dutch CLO Tax Plan
- Baker McKenzie may appeal 21% tax on CLO management fees
- Ireland could be the main beneficiary if move goes ahead
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A leading law firm in The Netherlands is mulling an appeal against the Dutch authorities’ decision to charge VAT on the management fees of collateralized loan obligations.
Baker McKenzie, which represented the vast majority of Dutch CLO clients last year, is in talks with the officials to better understand the rationale behind the revision, and to see whether there are alternative solutions.