Hedge funds find tax haven isn't a haven after all
Hedge funds find tax haven isn't a haven after allSome 49 hedge funds set up shop in the U.S. Virgin Islands in 2001, lured to the Caribbean not by sun or sand but by the prospect of avoiding taxes. But the IRS hasn't looked kindly on the island dwellers, and now more than half of the funds have fled for safer waters.
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Labels: hedge fund, off-shore, tax exempt, tax shelter
posted by Victor Lloyd Smith @ 4:47 PM
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