Wealth-Bulletin.com, 20 Feb 2009, Matt Turner
Singapore has boosted its effort to attract wealth managers, hedge funds and private equity funds to the country with a new tax incentive, as a US justice department suit against UBS raises questions over Swiss private bank's ability to protect their clients' details.
Under the new regulations, funds with assets under management of S$50m (€25.8m) will benefit from a new exhanced tax tier.
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