ARFP tax agreement achievable, says EY

Partners at consultancy EY have supported the widespread view that the Asia Region Funds Passport (ARFP) is likely to be ultimately the most effective of all the cross-border fund sale schemes being developed in the region.  Doubts remain over whether and how a level playing field can be created on tax treatment of funds and investors, but a new EY report suggests that enough of a compromise can be reached to ensure the scheme gains traction. Recent polling, including a survey c…