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Important Step towards the VAT Exemption of Investment Advice for Funds

by Arendt Medernach - Luxembourg Office

December 20, 2012

On 8 November 2012, the Advocate General (“AG”) released his conclusions before the Court of Justice of the European Union (“CJEU”) in the “GfBk” case (C-275/11) which deals with the question of whether investment advisory services in the fund industry benefit from a VAT exemption.


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