01.12.2009 - Australia: Tax breaks proposed to woo sovereign wealth funds
From Theage.com.au: The Government is considering locking in US-style tax breaks for overseas sovereign wealth funds as part of an effort to attract a greater share of the $US3.8 trillion ($A4.2 trillion) commanded by the funds globally. The proposal was one of several in a consultation paper into the tax treatment of investments by the government-controlled funds, which are projected to reach $US10 trillion in the next five years..................................Full Article: Source
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