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I don't think UK investors in the 19th century were buying index funds where they owned a tiny piece of every company in the market. The current situation is qu
by harryh 8y ago
I don't think UK investors in the 19th century were buying index funds where they owned a tiny piece of every company in the market. The current situation is quite a bit different.
- walshemj 8y agoIts more the principal that the investment company doesn't pay tax the owners do
- harryh 8y agoAh, I think you replied to my "destroying capitalism" comment when you meant to reply to my "tax scam" comment. Two different things. But anyways, the issue isn't about the company vs the owners paying the taxes because in this case the owners are the company. The issue is that these owners are (via the company) are (perhaps illegally) manipulating how their earnings are counted to lower their tax rate.
- walshemj 8y agoWell its what I do as a part owner of a uk investment trusts the company doesn't pay tax on gains but I pay tax on CGT and Dividend income. A lot of American industry rail roads in particular was funded by British investment trusts.