Business in Europe: Framework for Income Taxation and Constant net asset value: Difference between pages

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imported>Doug Williamson
(Mend link.)
 
imported>Doug Williamson
(Correct reference to The Treasurer.)
 
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''Tax - tax avoidance - European Union (EU)''.
''Money market funds''.


(BEFIT).
(CNAV).


BEFIT is a proposed common tax framework for the European Union, designed to:
A constant net asset value per share money market fund. 


*Reduce tax compliance costs
A money market fund which aims to maintain its distributing shares at a ‘constant’ value of for example USD 1, EUR 1 or GBP 1, by using an amortised cost basis of accounting for the value of its underlying portfolio of money market instruments.
*Minimise tax avoidance opportunities and
*Support EU jobs and investment in the Single Market.  




BEFIT is a replacement for the proposal for a Common Consolidated Corporate Tax Base.
<span style="color:#4B0082">'''''Money market fund (MMF) reforms'''''</span>


:"Full implementation of MMF reforms won't take place until February 2019, but treasurers need to start preparing for the replacement of constant net asset value (CNAV) funds with two new categories:


==See also==
: - the Public Debt CNAV fund, and


* [[Base erosion and profit shifting]]
: - the low-volatility NAV (LNAV) fund.
* [[CbC reporting]]
* [[Compliance]]
* [[Corporation Tax]]
* [[DEBRA]]
* [[European Union]]
* [[Income Tax]]
* [[Single Market]]
* [[Tax]]
* [[Tax avoidance]]
* [[Tax base]]
* [[Tax compliance]]




==Other links==
:According to research from rating agency Moody's, LVNAV MMFs are likely to attract most of the funds currently invested in prime CNAV MMFs."
*[https://ec.europa.eu/commission/presscorner/detail/en/ip_21_2430 Future-proof taxation - European Commission proposes new, ambitious business tax agenda]
*[[Media:2015_10_Oct_-_Walk_the_line.pdf| Walk the line, The Treasurer, 2015]]


[[Category:Accounting,_tax_and_regulation]]
:''The Treasurer magazine, June 2018, p21 - Sarah Rundell, freelance journalist specialising in treasury and investment issues.''
[[Category:The_business_context]]
 
 
== See also ==
* [[Amortised cost]]
* [[Money market fund]]
* [[Money market fund reform: a light at the end of the tunnel?]]
* [[Net asset value]]
* [[Prime]]
* [[Public Debt CNAV]]
* [[Variable net asset value]]
* [[Volatility]]
 
[[Category:Financial_management]]
[[Category:Corporate_finance]]

Revision as of 15:56, 9 July 2018

Money market funds.

(CNAV).

A constant net asset value per share money market fund.

A money market fund which aims to maintain its distributing shares at a ‘constant’ value of for example USD 1, EUR 1 or GBP 1, by using an amortised cost basis of accounting for the value of its underlying portfolio of money market instruments.


Money market fund (MMF) reforms

"Full implementation of MMF reforms won't take place until February 2019, but treasurers need to start preparing for the replacement of constant net asset value (CNAV) funds with two new categories:
- the Public Debt CNAV fund, and
- the low-volatility NAV (LNAV) fund.


According to research from rating agency Moody's, LVNAV MMFs are likely to attract most of the funds currently invested in prime CNAV MMFs."
The Treasurer magazine, June 2018, p21 - Sarah Rundell, freelance journalist specialising in treasury and investment issues.


See also

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