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Tax changes may have unintended consequences: Hildyard
Wednesday 4th of October 2006
Tower Investments chief executive Tony Hildyard says the government's latest U-turn was a significant change and it reintroduced different tax treatments for those who invested through managed funds compared with those who invested directly. Under the proposals managed funds would pay taxes under a "fair dividend rate" based on 5% of the opening rate value, whether or not the investment made...
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