Keith O'Donnell, ATOZ Tax Advisers

Keith O'Donnell Keith has over two decades of experience as a tax specialist. As Managing Partner at ATOZ, Keith advises global groups on the design and implementation of European tax strategies, with particular emphasis on pan-European real estate and private equity funds. Keith has been instrumental in shaping legislative change in coordination with industry groups. Furthermore, he has been actively involved in several key international bodies including the OECD’s collective investment vehicle ICG and the EU Commission’s expert group on open-ended real estate funds. A member of various Luxembourg advisory and industry bodies, Keith is currently chair of the ALFI Double Tax Treaty commission.

Agenda

Substance, delegation and governance requirements in Luxembourg
09.15-10.00

The magnitude of the current relationship of cross-border funds with the UK – What is at stake?

  • Current operating and delegation models between UK and the European asset management industry
  • Distribution models
  • Facts and figures
10.00-10.45

CSSF Circular 18/698: Substance, delegation and governance

Deep dive into CSSF requirements on substance and delegation as well as organisational considerations  
11.15-11.45

Tax Considerations

  • Impact for the ManCos
  • What impact for funds and investors
  • Transfer of service contracts to an EU entity
  • Termination of a contract vs. disposal of business
  • Particular considerations in the context of PE & RE
14.25-15.10

Practical examples of addressing Brexit challenges

  • Asset managers recount their experiences
15.40-16.10

The people and the place

  • Living and working in Luxembourg
  • What skillset for Luxembourg?
  • Relocation
  • Dual employment contracts
  • Your tax bill
  • Independent directors
  • Directors, senior managers and conducting officers
16.10-17.00

What does the future hold for European asset management?

  • Third-country access through equivalence; the way forward
  • Transition period
  • ESA review, recent developments from EU Commission, ESMA and the UK
  • Third-country passport under AIFMD: will it work?
  • Brexit: what spillover effect on asset managers in the US, Asia and other jurisdictions?
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Leading Edge Conference - Taxes & Investment Funds: The Ongoing (R)evolution

14 November 2017 EY premises, Kirchberg, Luxembourg