Taxing times ahead for the Isa industry

Just how different would the Isa world be if the 10% tax credit on equities were to disappear? It ...

Just how different would the Isa world be if the 10% tax credit on equities were to disappear? It is an increasingly important question in light of the Budget, which did nothing to prevent the removal of the credit in April 2004. At the same time Isa lobbyists are beginning to gear up their message that its loss would be a disaster, hitting investors where it hurts most, namely in their pockets. Obviously the more tax breaks an Isa can have the better but if the tax credit goes, it is unlikely to have much effect on Isa sales for the basic reason that very few people understand how the ta...