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Fri 02 Feb 2010Measures aim to make funds sector more competitive
INVESTMENTS:FOLLOWING THE assertion in last December’s budget that Ireland’s “competitive edge” would be strengthened in the international funds sector, the Finance Bill has introduced measures aimed at fulfilling this goal.
Brendan Kelly, a director with Financial Services Ireland, described the package of measures, which also included changes to the remittance basis of taxation and the introduction of measures for Sharia funds, as “one of the most significant boosts for the IFSC in the last decade”.
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