Simmons loses tax appeal over $13.5bn BlackRock deal
The world’s largest asset manager, BlackRock, has had its appeal for tax relief dismissed following a hearing against HM Revenue and Customs (HMRC) in March. The appeal concerned the complex structure that BlackRock, represented by Simmons & Simmons’ partner Heather Rowlands, had used to buy Barclays Global Investors (GBI) for $13.5bn in 2009. In the […]