| From Petermartin.blogspot.com: The $64 billion Future Fund will continue to be free to invest through tax havens such as the Cayman Islands and will also freed from a raft of restrictions relating to pay scales, freedom of information laws and the use of its $4.3 billion Telstra shareholding under reforms unveiled by Finance Minister Lindsay Tanner in the presence of the Fund Chairman David Murray.
Mr Tanner told the National Press Club Speaking at the National Press Club that given the structure of the industry and complexity of international tax law, investing asset managers domiciled in the Cayman Islands was "a common practice and often difficult to avoid".................................Full Article: Source
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