Lancashire County Pension Fund Power of Attorney - Korean Tax Reclaim
February 28, 2023 Director of Corporate Services (Officer) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Director of Corporate Services approved the recommendation on 28/02/2023. The Head of Fund was authorised to execute a Power of Attorney enabling Deloitte Korea to act on behalf of the Lancashire County Pension Fund in reclaiming tax paid on investments in the Korean tax jurisdiction. This included authorising Deloitte Korea to prepare and file necessary documents, visit the National Tax Service of Korea, and receive tax refunds.
Full council record
Purpose
Due to a need to reclaim tax paid on an investment made by Local Pension Partnership Investments Ltd on behalf of Lancashire County Pension Fund within the jurisdiction of the Korean tax authorities, there is a requirement for the Head of Fund to execute a Power of Attorney enabling Deloitte Korea to act on behalf of Lancashire County Pension Fund.
Decision
The Director of Corporate Services, following consultation with the Chair and Deputy Chair of the Urgency Committee, approved the recommendation as set out in the report.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 28 Feb 2023 |