Lights, camera, action! All your blockbuster private banking movies
Freddie Pooter, 14/09/2018
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What a dashed pity that those elaborate tax-efficient film finance schemes have ended in tears.
As many as 500 investors, who put minimum of £100,000 into Ingenious's various film projects, are suing the firm after receiving huge tax bills from the HMRC, which called “it’s a wrap” and promptly sent the tax wheeze straight to DVD (dead, very dead).
So tragic. Various chums of ours at EFG, Goldman Sachs, Coutts, Barclays and Credit Suisse had personal investments in the scheme, as well as their clients.
We had all been enraptured by the Ingenious ...
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