News

UK funds' tax break may be shortlived

Thursday 3rd of August 2000
The tax breaks United Kingdom based managed funds have over their New Zealand counterparts may be short lived.

Finance Minister Michael Cullen has indicated that he is prepared to close the loophole and put these funds on an equal footing with local ones.

"The minister considers it a big issue," a spokesman for his office says.

Currently if an investor buys either a UK unit tr...

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