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By Patricia GUDIÑO JONAS, Caroline NICOLETTI, Christophe VANDENDORPE, EY Luxembourg *
The infrastructure fund industry, like many other alternative investment sectors, is currently characterized by high interest rates and low transaction volumes. Despite these challenges, the industry demonstrates resilience, particularly in renewable energy, fiber networks and data centers, supported by quite robust valuations. Given this context, it is crucial to examine how the new Pillar II regulations will affect this fund sector.
Effective for fiscal years starting after 31 December 2023, the Global Minimum Tax Directive, also known as Pillar II, will impact multinational groups with consolidated revenues of at least €750 million. The goal of Pillar II...
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