In this interview, Adam Singer, of Certa Insurance Partners, talks to Dean Andrews, of BMS Group, about substance risks relating to cross-border interest and dividend payments.
Since 2015, when there was the release of the famous BEPS (base erosion and profit shifting) reports, the Private Equity sector has been a collaterally impacted by tax measure primarily aiming at fighting the aggressive tax planning which is supposedly organized by multinational groups. So many measures have been introduced without considering the diversity in the economic sphere and the co-existence of different environments with pre-existing multi-layers of taxes.