The Revenue rears its ugly head

Would you ever recommend a product to clients if its future tax treatment was not clear and the Reve...

Would you ever recommend a product to clients if its future tax treatment was not clear and the Revenue had not yet formulated the principles upon which it might act? The answer is likely to be a resounding "No", but this isn't a question relevant to a niche part of the structured products market or some of the more exotic trust and estate planning that goes on, this is a question relevant to the Oeic and unit trust market. As this issue's lead story reveals, the Revenue is looking at funds that employ derivatives and trying to work out which are using these instruments to trade as oppose...