10.08.2012 - Australia: Future Fund defends tax havens
The 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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