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Reduce tax bill by giving PIEs a miss
Thursday 18th of August 2016
Ben Brinkerhoff and Damon O’Brien, of investment solutions firm Consilium, have written a paper looking at the options for investment in foreign funds.
They said investing in FIF assets through a PIE structure would offer investors more convenience, with no tax returns required.
But using an Australian unit trust (AUT) would result in lower taxes over the long term.
With a...
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