Tax Threat Over Bond Revolution ; Move to Throw Open Market to Ordinary People Faces Setback

Summary

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THE taxman is threatening the launch of a new multi-billion pound retail bond market planned by the London Stock Exchange and offering ordinary people a new way of saving while cutting the cost of borrowing for firms.

Due to open a week from tomorrow, the market would enable investors to buy and sell bonds that pay a fixed amount of interest that would be considerably higher than bank or building society savings rates.

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Extract

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Tax Threat Over Bond Revolution ; Move to Throw Open Market to Ordinary People Faces Setback

But the market is under threat because Revenue & Customs intends to tax individual trades, even thoug...

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