Article: Australia Improves Capital Gains Tax to Attract Investment From U.S. Pension Funds and Venture Capitalists.

Australian Minister for Communications, Information Technology

And the Arts, Senator Richard Alston, Visits Bay Area to Promote Tax Reforms

Down Under

SAN FRANCISCO, Nov. 19 /PRNewswire/ -- The Australian Minister for Communications, Information Technology and the Arts, Senator Richard Alston, visited the Bay Area yesterday to promote Australia as an investment destination for major U.S. pension funds and venture capitalists. The visit follows recently announced proposals to significantly improve the Australian Capital Gains Tax code, making investment in Australian companies more attractive to foreign investment funds.

The ...

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