Goldberg
New Member
Cash: $ 0.45
Posts: 6
Joined: 17 Nov 2005
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| tax changes on high income bonds |
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Why is it allowed that companies who sold presently maturing high income bonds 5 years ago on the strength of them having 'no personal tax liability ', can now withhold the potential tax payment from your final payout incase an initiative taken out recently by the Inland Revenue to change the tax status of these bonds becomes law somewhere down the line and is applied in retrospect. Isnt that their problem whatever happens to the tax situation AFTER my bond has matured?
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