Asia-Pacific Tax Changes Could Affect PE Investment

Law firm Weil, Gotshal & Manges has issued a client alert about how tax changes could affect private equity investors doing business in the Asia-Pacific region:

Private equity investors that are considering making or disposing of an investment in the Asia-Pacific region should consider recent tax developments that may subject their profit to increased local tax. In particular, tax authorities in Australia, China, India, and South Korea have taken steps to impose tax on the disposition of private equity investments that previously would not have been subject to such local tax. The rationale for the changes varies, ranging from fears of tax avoidance to nationalistic concerns regarding profits escaping local taxation.

Read the full client alert here.