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Greece launched a tax scheme this summer designed specifically for hedge fund and private equity executives, a targeted policy play that appears to be producing early results.
Millennium is now preparing to open an office in the country, the visible outcome of what the Greek government characterized as an investor charm offensive.
The domicile economics at work The constraint in this market is where senior alternative-asset professionals are legally based.
That decision determines which tax authority captures a portion of their income and, depending on fund structure, can shape the regulatory environment around the vehicle itself.
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