06 October 2020
IQ-EQ CFO e-Lab: ATAD 2/BEPS and its impact on Luxembourg-based private equity funds
IQ-EQ is pleased to introduce the third webinar in our CFO eLab series, which seeks to explain the impact that ATAD 2/BEPS will have on Luxembourg-based private equity funds.
Luxembourg has emerged as the preferred European jurisdiction for private equity funds. According to ALFI’s latest report on PE and VC funds, Luxembourg’s AUM increased 19% Y-O-Y with an estimated worth in 2019 of €148 billion.
On 19 December 2019, Luxembourg Parliament voted to approve the law implementing the EU Anti Tax Avoidance Directive regarding hybrid mismatches with third countries (“ATAD 2”) into Luxembourg domestic law.
The aim of ATAD 2 is to implement measures on hybrid mismatches consistent with the rules recommended by the OECD BEPS report on Action 2. ATAD 2 includes additional measures from the BEPS Action 2 report, and provides for secondary rules, which were not previously necessary in an intra-EU context.
ATAD 2 will have an impact on Luxembourg’s private equity industry.
Our speakers will discuss how the private equity industry deals with the tax challenges triggered by ATAD I/II and BEPS.
In this unique online masterclass introduced and moderated by Christian Heinen, Managing Director IQ-EQ Luxembourg, we will hear from:
- Raymond Krawczykowski - Tax Partner, Merger and Acquisition, Deloitte Tax & Consulting, Luxembourg
- Frank van Kuijk - Partner and Head of the investment management tax team at Loyens & Loeff, Luxembourg.
Following Raymond and Frank’s presentations, we will open the floor for an audience Q&A. The session will be split evenly between presentations (30 mins) and question time (30 mins).
About the CFO e-Lab series
The private equity, real estate and private debt sectors have all experienced record growth within the past year. Private equity assets under management (AUM) increased to $3.4 trillion in 2019, the value of global property AUM reached $3.6 trillion as of June 2019, while private debt, the youngest asset class in the private capital universe, saw its AUM reach a record high of $812 billion in the same timeframe. Notwithstanding the effects of COVID-19, appetite for investment in these alternative asset classes is here to stay.
As these sectors continue to mature and evolve, the role of the chief financial officer (CFO) is also changing. Private fund CFOs are increasingly being asked to act as a ‘central hub’, tasked with actively driving value and business performance, finding and deploying innovative solutions to achieve greater efficiency, while also helping guide overall strategic direction as forward-looking datakeepers.
In recognition of this demanding remit and the importance of information sharing, support and networking, IQ-EQ’s CFO e-Lab series is a special programme of masterclasses targeted specifically to chief financial officers (CFOs) in the private funds sector. Each masterclass will focus on a different sectoral ‘hot topic’ and be delivered by senior professionals who are experts within that specific area. Click here to find out more about the initiative.