| As countries across the Asia Pacific look for ways to finance extensive infrastructure improvement projects, sovereign wealth funds (SWF) can offer reliable, long-term sources of foreign investment. With competition for SWF dollars expected to intensify, Australia is leading the way in creating an attractive tax environment for these funds.
Among Asia Pacific countries, Australia has in place what is likely the most sophisticated tax regime for attracting SWFs. The country has a limited form of sovereign immunity exemption for foreign government investments. As with any other tax exemption, the sovereign immunity exemption is subject to various limitations and restrictions, particularly on eligibility...............................................Full Article: Source
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