When the proverbial hit the fan a few years ago in Greece, it was everyone from the middle classes down who suffered. The fact that the rich, politicians and bankers had already shifted their millions out of the country is still a major issue in Greek politics. And now it’s wealthy Italians who are funnelling their money across the border into Switzerland, ‘amid concerns that an epic clash with the EU could set off a Greek-style banking crisis’ Plus ça change, come direbbero i francesi.
“HMRC scraps plans to tax pensions after death”
A couple of other Statement Highlights (in my world, anyway). A welcome ‘nothing happened’ on the treatment of pensions on death. They were never going to be liable to IHT (too complicated with trusts and trust law) but there was talk of making them income-taxable on the recipients at whatever age you die.
