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Investment

Australia's unit trust dictum is killing the funds industry

If Australia wants develop its potential to be funds management player in the Asia region, government has to decide whether it's policy on how it treats international fund managers is targeted at minimising tax leakage or exporting services, growing the number of high paid jobs and lifting overall economic activity, said Ken Woo, asset management industry leader at PwC.

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Read more: AustraliaKen WooSingaporeAndrew CannaneAsia regionInvestmentCayman structuresCommonwealth countriesHenry Davis York lawyersLimitedNikki BentleySouth KoreaUS