Europe, Middle East and Africa: Funds tax talks (Podcast)

Episode 1

In brief

Join Baker McKenzie's new Funds Tax Talks podcast series for a discussion and insights on some of the most pressing tax issues affecting investment funds.


Episode 1: Carried interest & management incentives

In this inaugural episode of Fund Tax Talks podcast, Rodrigo Ogea and Vadim Romanoff of Baker McKenzie discuss the recent trends and policy developments in relation to carried interest taxation in Spain and the UK. They are joined by Willem Vunderink of Vunderink de Vries, who shares his views on the topic and addresses some of the key tax risk and mitigation strategies (including in respect of valuation methodologies) affecting management incentive structures in a typical private equity deal.

Featuring our Baker McKenzie speakers with Willem Vunderik of Vunderink de Vries, please click on the play button to listen to the first podcast of this series:

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Related podcast

Episode 2: International Mobility of Funds and Fund Managers



1 On 17 October 2022 (shortly after the date of recording of this episode), the incumbent UK Chancellor, Jeremy Hunt, made an emergency statement and announced that almost all of the tax changes set out in the Mini-Budget would be reversed. In particular, he confirmed that (in addition to possible future tax increases) the main rate of UK corporation tax would increase to 25% from 1 April 2023 and the IR35 rules affecting self-employed individuals would remain on the statute book. However, as of yet there have been no developments affecting the UK tax treatment of carried interest in the UK since the date of the recording.

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