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AITC wants Treasury to end ‘tax distortion’

The AITC is calling on the Treasury to put an end to tax distortions, which it says make the creation of investment trust bond funds commercially unviable.

Director general Daniel Godfrey hits out at rules that make investment trusts pay corporation tax up to 30 per cent on bond income while unit trusts and Oeics pay 20 per cent.

Godfrey says: “The need for increased competition and consumer choice means that the case for reform is compelling.”

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Mortgage EDGE: RICHARD ARDRONUp until a couple of weeks ago, the acronym KFI did not mean much to most of the broker community. However, since M-Day, it has become increasingly synonymous with confusion and lack of clarity and while we are all quick to blame the lenders and sourcing systems, who I believe do shoulder […]

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Mod legend Paul Weller recently organised his daughter’s birthday bash and his guitar technician recommended punk band Breene to play at the party. The band’s lead vocalist is Eddy O’Dwyer, whose day job is business support co-ordinator with Skipton Financial Services. The Diary wonders whether Breene did a cover of Weller’s ode to financial services, […]

Allianz Technology Trust – April 2017

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