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Re: [sharechat] NZSE 50 Index

From:	Robin Benson <rob@hammerheadmedia.co.uk>
Date:	Wed, 12 Mar 2003 10:33:32 +0000

On Wednesday, Mar 12, 2003, at 23:22 Europe/London, 
tennyson@caverock.net.nz wrote:

> Gaynor's argument is that we don't get the 5.2% in cash because it is
> taxed, so therefore advertising a return of 5.2% is misleading.
> Well income tax has been around for quite some time, so I think you
> would have to be pretty naive to call foul on this point.

Apologies if this seems to obvious to mention, but in addition, as tax 
situations are quite different (covering individuals, companies, 
trusts, ... ), to state a return on any other basis would be misleading 
anyway.

Robin

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Re: [sharechat] NZSE 50 Index tennyson@caverock.net.nz

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