Foreign Investment Fund Regimes: An Overview of Policies, Structures, and Issues

TAXING OFFSHORE INVESTMENT INCOME: A COMPARATIVE REVIEW OF STRUCTURAL, pp. 1-19, John Prebble, ed., Fiscal Publications, 2006

19 Pages Posted: 14 May 2010 Last revised: 10 Apr 2015

See all articles by John Prebble KC

John Prebble KC

Victoria University of Wellington, Te Herenga Waka - Faculty of Law; Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien; University of Notre Dame Australia - School of Law

Date Written: 2006

Abstract

The expression “foreign” or “overseas investment fund regime” can be misleading. The direct targets of such a regime are local residents of the country that enacts the regime. Overseas investment fund regimes aim only indirectly at investment funds in other countries. The objective of a foreign investment fund regime is to tax local residents in their share of income derived by funds in which the have invested. They try to prevent income escaping tax altogether through diversion to foreign jurisdictions. Secondly, they try to frustrate deferral by taxing income to the economic beneficiary as it accrues, though the income may not be distributed to the taxpayer for some years.

Keywords: Foreign investment fund regimes, anti-avoidance, capital export neutrality, Jurisdiction

JEL Classification: K33, K34

Suggested Citation

Prebble KC, John, Foreign Investment Fund Regimes: An Overview of Policies, Structures, and Issues (2006). TAXING OFFSHORE INVESTMENT INCOME: A COMPARATIVE REVIEW OF STRUCTURAL, pp. 1-19, John Prebble, ed., Fiscal Publications, 2006, Available at SSRN: https://ssrn.com/abstract=1605448

John Prebble KC (Contact Author)

Victoria University of Wellington, Te Herenga Waka - Faculty of Law ( email )

PO Box 600
Wellington, 6140
New Zealand
+64 4 463 6311 (Phone)
Papers Indexed at HOME PAGE (Fax)

HOME PAGE: http://www.victoria.ac.nz/law/staff/prebble-scholarly.aspx

Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

University of Notre Dame Australia - School of Law

Sydney Campus, New South Wales
Australia

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