tailieunhanh - Value Accounts Investment Funds 2012

We interviewed experts to explain the growth of Luxembourg and Ireland. Tiny Luxembourg grew to be a European mutual fund hub, fueled by favorable bank secrecy and tax laws as well as its central location. The growth of Ireland (Dublin in particular) on the other hand, was driven by a tax advantage given to management companies and a highly educated labor force. In particular, until recently, fund management companies paid a tax of only 10% on their income (relative to a 32% corporate income tax in Ireland) and they were allowed extra deductions for rental. | Value Accounts Investment Funds 2012 pwc Annual financial reporting 2012 This publication presents the sample annual and interim financial reports of a investment fund VALUE ACCOUNTS Unit Trust as well as VALUE ACCOUNTS Pooled Superannuation Trust. It illustrates the financial reporting disclosure requirements that apply under Australian Accounting Standards on issue at 15 January 2012. Supporting commentary is also provided. VALUE ACCOUNTS Unit Trust is an unlisted managed investment scheme registered with ASIC. Reporting requirements include Australian Accounting Standards Interpretations issued by the Australian Accounting Standards Board AASB and the Urgent Issues Group UIG Corporations Act 2001 Australian Securities Investments Commission releases This publication should be used in conjunction with the relevant legislation standards and other reporting pronouncements. 2012 PricewaterhouseCoopers Australia. All rights reserved. In this document PwC refers to PricewaterhouseCoopers Australia which is a member firm of PricewaterhouseCoopers International Limited each member firm of which is a separate legal entity. This publication is available for non-clients of PwC from The Co-op Bookshop For mail order phone 02 9212 3078 or to find our nearest branch phone 02 9325 9600. Visit for further information and to place an order online. The Institute of Chartered Accountants Chartered Accountants can borrow this publication by contacting the Institute s Knowledge Centre on 1800 809 828. Disclaimer This publication has been prepared by PricewaterhouseCoopers Australia. The information in this publication is for general reference only and is neither advice nor a substitute for professional advice. It is not intended to be and is not comprehensive in relation to its subject matter. This publication is not intended to cover all aspects of Australian Accounting Standards or to be used as a substitute for reading any relevant accounting .