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German papers have called it the most complicated tax fraud trial in modern German history, but the “Cum-Ex” scandal could have implications for the entire financial services industry. Litigation & Enforcement  partners and attorneys Judith Seddon, Rosemarie Paul, Paige Berges and Chris Stott, along with Tax partners Kat Gregor and Andrew Howard

A year or so ago, I recorded a short video about how tax is becoming an area of focus for investors which support an ESG (environmental, social and governance) agenda. I concluded that there was an opportunity for fund managers to attract investors by embracing this agenda.

Investors now frequently ask fund managers to align themselves with a particular set of principles, such as the tax code of conduct recently adopted by a group of Danish institutional investors. However, it is important for managers to look carefully at what they might be committing themselves to. The Danish code, for example, includes specific prohibition on certain investments in companies on the EU blacklist of non-cooperative jurisdictions, which has recently expanded to include the Cayman Islands.


Continue Reading Tax and ESG: Who Sets the Agenda?

In a recent The Drawdown article, “Tax Comes Under ESG Spotlight,” tax partner Andrew Howard provides commentary on how companies might approach assessing reputational risks from tax decisions in the ESG global arena. Howard notes, that in light of recent attitude shifts toward tax transparency, we may see “policymakers bring forth rules that erode confidentiality