Isle of Man Reports Growth in Hedge Fund Assets
Daily News; White Plains › August 03, 2005
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Summary
DOUGLAS, Isle of Man (HedgeWorld.com) - Even though Isle of Man officials are expecting a loss of banking deposits as a result the European Union Savings Directive, assets under administration in the jurisdiction continue to grow.
The EU directive became effective July 1 and requires additional tax reporting and in some cases increased withholding for offshore hedge funds and their service providers.See the full content of this document
Extract
Isle of Man Reports Growth in Hedge Fund Assets
Statistics released last week by the Isle of Man government show that the rise in bank deposits...
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