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US investors could dump stock on Republican tax reform

USA-America-Washington-Capitol-700x450.jpgThe Republican tax plan could see US retail investors dump stock as they lose their ability to choose which shares to sell to reduce a position.

Asset managers have lobbied to be exempt from the requirement to sell shares on the “first in, first out” (Fifo) basis, the Wall Street Journal reports.

However, retail investors would lose the ability to reduce their capital gains tax bill by selling specific shares based on their purchase date.

The changes for retail investors could raise $2.4bn over the next decade.



Paul Lewis: Banks have more to answer for on scams and fraud

Making banks liable would speed up designing theft out of the money transfer process Melling Equestrian Investments conned an 85-year-old widow out of £300,000. She was persuaded to hand over the cash on the promise of a 12 per cent return on an investment in a world class horse racing development in Costa Rica. Christine […]


FCA fines increase tenfold in 2017

The total amount in fines handed out by the FCA has increased 10 times in the past year, soaring from £22.2m in 2016 to £229.4m in 2017. The FCA fined eight individuals an aggregate £436,000 and £229m was levied against companies, according to law firm Clyde & Co. Even though fewer fines have been levied […]

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]


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