19.10.2012 - Australia: Ease laws to allow Islamic finance to flourish
The federal government is under pressure to tweak tax incentives that make it easier for the Islamic finance sector to flourish in Australia and allow greater cross-border transactions with Asia. The Dubai-based global head of Islamic finance for law firm Allen & Overy, Anzal Mohammed, says thereís a growing push to encourage policy makers in Australia to ease regulations on areas such as stamp duty and withholding tax so that people who want to invest in Islamic-compliant funds donít get hit with unforeseen tax penalties...............................................Full Article: Source
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