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Family office investors will go offshore

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.

  • Shared by Money Management
  • October 06, 2015
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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.

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