Tibet opens up as new domestic tax haven (Financial Times) By Simon Rabinovitch in Shanghai Cayman Islands, step aside. Private equity funds looking to cut their tax bills have a new option some 3,600 metres above sea level at the foot of the Himalayas. The only catch is, they will be playing a role in China’s strategy to tighten its grip on Tibet. The government of Shannan prefecture, which lies in Tibet between Lhasa and the Buddhist kingdom of Bhutan, has started offering generous tax breaks and other sweeteners in an attempt to make itself a home for private equity funds and investment companies. (for full article check ft/intl/cms/s/0/657d21a0-00e4-11e3-8918-00144feab7de.html#axzz2c2LZd0Eb or PM for pdf version)
Posted on: Thu, 15 Aug 2013 11:48:49 +0000
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