M2 EQUITYBITES-February 16, 2018-INTL FCStone Financial enhances offshore mutual fund
BANKING AND CREDIT NEWS-February 16, 2018-INTL FCStone Financial enhances offshore mutual fund
For example, should a certain offshore mutual fund
invest in Apple stocks, it will be subject to 30% tax for stock dividend issued by Apple.
Private banking accounts can typically be opened in the name of an individual, a commercial business, a law firm, an investment adviser, a trust, a personal investment company, or an offshore mutual fund
taxpayers who invest in offshore mutual funds
or certain other passive foreign investments without understanding the tax consequences may learn only years later that those investments are subject to the onerous tax rules for investments in passive foreign investment companies (PFICs).
Swiss bank Amas is planning to launch India-specific private equity and offshore mutual funds
in January, Reuters has reported citing a senior official of the bank.
The growing exchange, opened in 1997, has become a leading market for offshore mutual funds
and Eurobonds, which are bonds traded outside the regulations of a single country.
A recent poll of independent financial advisors (IFAs) conducted by Bank von Ernst showed that the current proposals to replace PEPs and Tessas with the Individual Savings Account (ISA) are likely to give rise to an increase in offshore investments, in particular offshore mutual funds