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FDR fundamental change to tax system
Tuesday 31st of October 2006
Ernst & Young Tax Directors Jo Doolan and Geof Nightingale are particularly concerned about what happens when investors can’t determine the market value of their offshore investments.Under the proposed fair dividend regime individual investors, in most cases, will be taxed on 5% of the market value of their portfolio shares at the beginning of the year, regardless of what they actually earn o...
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