Tax treatment of ETFs "should not be blown out of proportion"

This response follows recent warnings that a number of ETFs without reporting or distributor fund status could incur income tax of up to 50%, rather than capital gains tax (CGT) at 18% or 28%. Yet industry experts highlight this tax issue affects all offshore funds. Evercore Pan-Asset chief executive officer Christopher Aldous says the tax treatment of some ETFs is a potential problem, just as it is with many other types of fund, and should not be blown out of proportion. He says: "We continue to believe that ETFs are an extremely low-cost, liquid and safe way to capture the perfor...