The Proskauer Tax Blog

Robert E. Gaut

Partner

Robert Gaut is a tax partner and head of our UK tax practice in London.

He has represented many of the world’s preeminent multinational corporations, sovereign wealth funds, investment banks and private equity funds on a full range of UK and international tax strategies relating to inbound and outbound transactions, capital markets offerings, establishment of investment funds and financing matters.

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New Public Country-by-Country Reporting of Financial Information Proposed by European Commission

By Robert E. Gaut on May 18, 2016 Posted in Base Erosion and Profit Shifting, International Taxation

Country-by-country reporting (“CBCR”) is one of the OECD BEPS deliverables (under Action 13). It is expected to be a significant tool used by tax authorities’ auditors in evaluating a multinational group’s transfer pricing policies. CBCR will present significant challenges to multinationals groups’ internal tax departments, as the tax departments must reconcile public financial reports to … Continue Reading

Tax Announcements in the UK’s Budget 2016

By Catherine Sear, Gregory Branagan and Robert E. Gaut on March 16, 2016 Posted in UK Tax

The UK’s 2016 budget was announced on Wednesday 16 March 2016. Although we are waiting for detailed legislation for most of the tax-related announcements, below is a brief summary of some tax points which have caught our attention. Capital gains tax (CGT) rates for individuals have been reduced from 28% to 18% (for higher and … Continue Reading

European Commission Publishes Anti Tax Avoidance Package

By Daniella Abel and Robert E. Gaut on February 8, 2016 Posted in Base Erosion and Profit Shifting

On 28 January 2016, the European Commission published a draft Anti Tax Avoidance Package in order to ensure increased tax transparency and effective taxation within, and outside of, the EU. The package includes a proposed Directive on tax avoidance practices (discussed further below), amendments to the Directive on automatic information exchange in order to gather … Continue Reading

United Kingdom Makes Significant Changes to the Tax on Carried Interest for Investment Management Executives

By Robert E. Gaut on August 12, 2015 Posted in UK Tax

With effect from 8th July, 2015, UK resident investment management executives will pay capital gains tax on all their carried interest returns from investment funds (with the rate currently set at 28% for higher and additional rate taxpayers). The overall rate may in many cases be higher, since items of income such as interest and … Continue Reading