21.04.2011 - Australia: Friendlier foreign terms floated
The federal government is considering rules that would give foreign government-owned funds a tax break, in a bid to make Australia more attractive to the sector. An options paper from Treasury has suggested extending tax exemptions already enjoyed by some sovereign wealth funds to the entire sector. The paper, published yesterday, said Australia had treaty agreements with some trade partners that gave these countries' sovereign funds tax exemptions on their investments..............................................Full Article: Source
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