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Hunter chief slams tax-leakage as hidden fee

Veteran NZ investment manager, Tony Hildyard, is calling for better disclosure of ‘hidden’ tax leakage through offshore-domiciled funds that unnecessarily short-changes local investors. Hildyard, head of the almost $900 million Hunter Investment Management, said while tax slippage through overseas-based funds – such as Australian unit trusts (AUTs) – was a well-known industry issue, most end… [Read More…]

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