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Reports on Britain's successful tax regime for businesses and foreign investment. Nick Montagu of Britain's Inland Revenue Board commenting on their strategies during a trip to Australia; Success of treating all businesses equally to ensure that the tax framework is internationally competitive; The country receiving the greatest share of foreign investment into the European Union; Importance of cultural similarities.

Discusses the tax implications for Australia-based investors of investing in international investment funds as of April 20, 2000. Increase in investors' demand for high technology stocks; Tax planning tips for investors with international shares holdings. INSETS: CALCULATING DEDUCTIBILITY.;TAX TACTICS: RETIRED EARLY, TAXED FULLY, by Michael Laurence..

The article reports on the steps taken by the Australian government to reduce overseas investment taxes. According to the author, the budget provides that the 30 percent withholding tax rate which applies to certain capital gains and property income distributions be cut to 7.5 percent over three years. The move, according to the author, is part of the government's plan to address the problem of high taxes in the financial services industry.

Reports that the Australian Parliament is set to pass rules reducing the tax paid by foreign investors. Government agencies which delayed the legislation due to concerns about tax evasion; Effects of the rules on venture capitalists and fund managers; Projected increase in venture capital financing.