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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Trends

Removal of tax quirk for SWFs could benefit US buyout houses

Posted on 31 May 2012

Proposals to allow sovereign wealth funds to invest in US private equity funds without losing their tax-exempt status could boost investment in the asset class, says US law firm Pepper Hamilton in a recent note.
Sovereign wealth funds are often formed as entities separate to a government, and if a SWF conducts any so-called ‘commercial activity’ anywhere in the world, they currently stand to lose their special sovereign-related tax exemption status (on certain types of income) in the US. Commercial activities are defined as “business conducted for income or gain”………………………………………..Full Article: Source


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