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Sovereign Wealth Funds Briefing - Categorized | Financials

Australia: Future Fund defends tax havens

Posted on 10 August 2012

Tilman RuffThe Future Fund has defended its investments in subsidiaries based in known tax-havens during a senate inquiry. The fund’s 2011 annual report shows that it has 14.4% of its assets in the Cayman Islands, plus significant investments in the British Virgin Islands and Jersey, and smaller investments in Luxembourg.
The fund asserted its independence at yesterday’s inquiry - defending itself against a bill put to Parliament by the Greens which would see it forced out of several contentious investments………………………………………..Full Article: Source

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