Jonathan Blake was only 32 years old at the time, but the meeting the lawyer held with a senior British Treasury minister in 1987 has helped create more millionaires than the UK’s National Lottery. At issue was a complex structure that Mr. Blake had designed to allow the fledgling private equity industry to set up funds in the UK without losing the low-tax treatment it had until then enjoyed offshore. Goodwin’s Tax and Private Investment Funds partner Laura Charkin describes how governments are trying to attract the funds industry as a whole. Read the Financial Times article here.
In The Press November 09, 2020