News

ISI concerned over proposed tax changes

Wednesday 13th of July 2005

Taxing all offshore investments using CV – a form of capital gains tax – was put up as an option nearly two years ago, as an alternative to the risk free rate of return (RFRM) method.

At the time RFRM appeared more likely: now the government is going down the CV route. CV taxes the change in the value of an investment over the course of a year....

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