29.04.2011 - Peru Pensions to permit more investment abroad
In a similar move to attract a greater level of investment abroad among institutional investors, the Australian government revealed earlier this week that it may consider tax breaks on sovereign wealth funds that have passive investments in Australian assets. As sovereign wealth funds rise in financial clout -- with an estimated worth of $4.2 trillion, or almost double that of private-equity assets -- the tax breaks reflect a sense of competition that is brewing among countries to obtain a greater level of foreign investment..............................................Full Article: Source
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