Quantcast
au iconAU

 

 

Family office investors will go offshore

Australian family offices are likely to be influenced to deploy their investments outside of Australia if the Government does not proceed with legislative changes aimed at protecting the confidentiality of their tax information.

Family office investors will go offshore
smsfadviser logo

That is the assessment of the Family Office Institute of Australia which has warned of the likelihood of Australia losing investment in a submission to the Senate Economics Legislation Committee which is reviewing the Tax and Superannuation Laws Amendment (Better Targeting Income Tax Transparency Laws) Bill 2015.

Read the full story at MoneyManagement.

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox