Dutch VAT ruling to reduce impacted CLO equity returns by 1 to 2%, says BofA

By Hugh Minch

Monday, March 09, 2020

The Dutch tax authority’s decision to charge a 21% VAT on CLO collateral management fees will have a ‘substantial’ impact on equity, with returns likely to be 1 to 1.2% lower going forward, according to a research paper published by Bank of America

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TAGS: Europe Regulation CLO BofA Performance

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