Biography
Aron has extensive experience advising across the full spectrum of private funds, including private equity, venture capital, infrastructure, real estate and credit, and the management teams of private funds, including in relation to carried interest and co-investment structuring and management buy-outs/spin-outs. Aron also advises fund managers and large cornerstone investors on GP-stake transactions and GP-led secondaries and fund restructurings.
Clients describe Aron as “a valued partner to the business who supports us in commercial discussions with our clients. His advice is typically practical, with clear recommendations, which avoids prolonged negotiation.” Others have said “Aron Joy and his team provide excellent support on tax issues arising during the fund establishment and fund raising process. They are always on top of the issues and willing to make themselves available at short notice.” And “he has very good technical knowledge and has been able to highlight key operational issues that a client should be aware of.”.
Aron acts for wide range of leading investment managers, including Actis, ARA, Argos Wityu, AshGrove, Astarte, bd-capital Partners, Bregal Investments, Brookfield, CapMan, Castleforge, Cheyne Capital, Columbia Threadneedle Investments, Dalmore, Montagu, General Atlantic, Generation Investment Management, Graphite Capital Partners, ICG, InfraRed, I Squared, Just Climate, Lazard Asset Management, M&G Catalyst, Oakley Capital, PAI, Patrizia, River & Mercantile, Stanley Capital, Syntagma Capital, Union Real Estate, Victory Advisers and Yoo Capital, major private-equity players such as Advent, Lone Star and OMERS, and private equity investor clients such as Ontario Teachers’ Pension Plan, OP Trust, PSP and CDPQ.
Aron represents Weil as an active member of various associations, such as the Alternative Investment Management Association (AIMA) and the Stamp Taxes Practitioners Group.
Prior to joining Weil, Aron worked in the Investment Management Tax team at one of the ‘Big 4’ accounting firms, focusing primarily on structuring, transactional and advisory work for investment manager clients. Prior to that, Aron was an associate in the Corporate Tax team of a leading international law firm.
Firm News & Announcements, Latest Thinking
Firm News & Announcements
- Weil Recognized for its Leading Role in Two Deals of the Year 2023 by China Business Law Journal Firm Announcement — March 19, 2024
- Weil Shortlisted for Top Deal and Individual Awards at The Asia Legal Awards 2024 Firm Announcement — January 18, 2024
Latest Thinking
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UK Spring Budget 2024: Tax Update
Blog Post — Tax Blog
— By
Jenny Doak,
Aron Joy,
Oliver Walker,
Erica Rees and
Sean Wright
— March 07, 2024
On 6 March 2024, Chancellor Jeremy Hunt delivered his Spring Budget. In the days preceding the Budget there had been mounting speculation that the Chancellor would cut personal taxes by reducing rates of income tax or National Insurance contributions (NICs). In the event, Chancellor Hunt did not disappoint and announced a further reduction in NICs,
The post UK Spring Budget 2024: Tax Update appeared first on Weil Tax BLOG.
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EU Blacklist Updated on 20 February 2024 – No New Jurisdictions Added and Bahamas, Belize, Seychelles and Turks and Caicos removed
Blog Post — Tax Blog
— By
Aron Joy
— February 28, 2024
On 20 February 2024 the EU published an update to its so-called “Blacklist” of jurisdictions that are not cooperative for tax purposes and “Grey List” of cooperative jurisdictions that have not yet fully met their commitments to comply with tax good governance criteria. Whilst various jurisdictions have been removed from the lists, no new jurisdictions
The post EU Blacklist Updated on 20 February 2024 – No New Jurisdictions Added and Bahamas, Belize, Seychelles and Turks and Caicos removed appeared first on Weil Tax BLOG.
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UK AUTUMN STATEMENT 2023: TAX UPDATE
Blog Post — Tax Blog
— By
Jenny Doak,
Aron Joy,
Oliver Walker,
Kevin Donegan,
Enda Kerin,
Erica Rees,
Sean Wright and
Mila Kostadinova
— November 22, 2023
On 22 November 2023, Chancellor Jeremy Hunt delivered his Autumn Statement, potentially the last such statement to precede the next UK general election.Despite mounting speculation over the past few days, there were no rabbits in the Chancellor’s hat, and today’s announcements were broadly in keeping with expectations. The headline items included the announcement that the current full expensing policy for businesses will be made permanent – a move which the Chancellor heralded as “the biggest business tax cut in modern British history” – and various changes to National Insurance contributions (NICs), including a reduction of the main rate and the abolition of Class 2 NICs for self-employed individuals. ...
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Member States Update EU list of Non-Cooperative Tax Jurisdictions
Blog Post — Tax Blog
— By
Aron Joy
— October 20, 2023
On 17 October 2023, the EU published the conclusions of its bi-annual review of the list of non-cooperative jurisdictions for tax purposes (the “EU Blacklist”) and the state of play document (the “EU Grey List”, which monitors jurisdictions that do not yet comply with all international tax standards but have committed to implementing reforms). The
The post Member States Update EU list of Non-Cooperative Tax Jurisdictions appeared first on Weil Tax BLOG.
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QAHCs and Credit Funds – Update on Regulatory Registration Requirements
Blog Post — Tax Blog
— By
Aron Joy,
Marc Schubert,
Oliver Rosshandler and
Arup Sen
— September 25, 2023
In April 2022, the UK introduced the Qualifying Asset Holding Company (“QAHC”) regime. The regime is intended to entice investment funds, and certain other investors, to establish their holding structures in the UK as opposed to, for example, Luxembourg or Ireland. To this end, a range of tax reliefs are available to companies that qualify for and elect into the regime, such as no withholding tax on interest paid by a QAHC, the ability to use profit participating instruments to offset returns on debt investments and a blanket UK corporation tax exemption for gains on the sale of (most) shares. QAHCs can also be useful, in particular, for funds whose managers are based in the UK who may have difficulty in establishing or demonstrating sufficient substance in an overseas holding company, which may result in issues with local substance requirements in underlying investment jurisdictions or the proposed Anti-Tax Avoidance Directive III, if it is enacted. ...