Wealth and Asset Management
Hargreaves rocked by the Revenue decision to tax commission discounts
Hargreaves Lansdown, the FTSE 100 investment broker, is closer to jettisoning its core business model after an unexpected tax ruling by Revenue & Customs. Its main business is selling funds to its 460,000 customers. The bulk of its earnings come from commissions paid by fund companies such as Invesco Perpetual…
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