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20 Apr 11 Greater certainty for sovereign investments

In media release No 2011/060, issued 20 April 2011, the Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten, announced the release of an options paper discussing the tax treatment of sovereign investments.

"By exempting those investments that are generally of a passive nature from income tax, which is standard practice around much of the world, as well as reducing compliance costs and increasing certainty, we position Australia as an attractive destination for more sovereign investment in the future," Mr Shorten said.

Written submissions are sought by 20 May 2011.

 


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