The market for hedge funds in Italy could soon be opened up as a firm decision on their tax status m...
The market for hedge funds in Italy could soon be opened up as a firm decision on their tax status moves closer. Hedge funds were given the ability to set up and sell in Italy for the first time in September last year, but there is still doubt as to their tax status. The Bank of Italy will shortly decide whether or not to levy the 12.5% flat tax rate that other investment vehicles were recently shifted to, or whether the standard rate of tax, which can range up to 50%, is applicable. In doing so it will probably decide the long term popularity of the structure in Italy. Hedge funds have ...
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