Showing posts with label Australian. Show all posts
Showing posts with label Australian. Show all posts

Tuesday, April 19, 2011

Australia considers tax breaks for sovereign wealth funds

The Australian government on Wednesday said it was considering tax exemptions for sovereign wealth funds that have passive investments in Australian assets.

Commenting on a paper discussing the options on tax, Assistant Treasurer Bill Shorten said funds invested in Australia by foreign government investment bodies amounted to around A$65 billion.