Taxing times for corporate bonds
Article Abstract:
The European Commission has proposed a withholding tax in the European Union, and unit trust managers are concerned that it could affect corporate bond personal equity plans (Peps). The directive relates to individuals, so should not affect unit trust Peps. The withholding tax aims to reduce tax avoidance and eradicate differences in tax systems. Investors who use corporate bond Peps will be able to reclaim tax if they are affected. There has been confusion among investors as a result of the harmonization plans.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Give credit where credit is due
Article Abstract:
Consumer credit may be used to invest, but the asset may drop in value, giving negative returns. This occurred with many people purchasing houses in the United Kingdom when prices peaked in the late 1980s, since they took a decade to reach this peak again. Interest rates tend to be lower for people borrowing larger sums. Agreed overdrafts from upmarket banks can be cheap. Personal loans may cost less for a loan for more than a year. and credit cards offer flexiblity.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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