Love ‘em or hate ‘em (the first option is not being encouraged by our government), the Russians do think outside the box. They seem to have more than their share of computer-hacker wizz-kids, who might in a previous era have been chess grand-masters whom they’re using to pretty good effect. And their solution to our usual sledgehammer ‘financial sanctions’ (proven not to work in almost every scenario but preferable to bombs, I guess) is to set up their own tax havens. Genius.
“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.
