Wyn Thomas - Axys Investment Management

Weekly Market Update 13th February 2015

IMPROVING EUROPE BOOSTS MARKETS This week most news outlets were shocked that rich people with Swiss bank accounts were using them to avoid tax, and that a major bank was in on the action. We would have been more surprised if they weren’t. While cases of blatant fraud and dishonesty should be prosecuted it should be accepted that all the time there are tax loopholes, there will be people exploiting them and good money to be made from assisting them. Despite the furore and the upcoming election it has been remarkable how little talk of shutting down tax avoidance schemes there has been. Read More…..