Reviewing Foreign Tax Status Can Result in Large Savings
For Newsletter of the National Association of Public Pension Attorneys (August 2006)
Within the United States, public pension funds enjoy exemptions from state and federal income taxes. On the funds’ overseas investments, however, exemptions from foreign income taxes do not automatically apply. In working with the State of Wisconsin Investment Board, we found that attention to a public fund’s foreign tax status can result in considerable tax savings.
