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Putting a price on tax changes
Thursday 21st of July 2005
The government’s recent discussion document puts forward CV as the best way of taxing offshore investments. A form of capital gains tax, it already applies to some offshore funds and it was put forward in an options paper towards the end of 2003 as an alternative to the then front runner, the risk free rate of return method (RFRM).At that stage the rate was suggested at 70% of the change in c...
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