A few years ago there was a TV reporter interviewing a young lady in front of a barricaded building in the western city. Seemingly, she had lost all her funds in a recently collapsed Pyramid scheme and sobbing uncontrollably. She explained that it was all her monies and she was trying to use the proceeds to pay her school fees. The reporter asked her what were the lessons she would take from this experience. Through tears, her jerky response was ‘nex time dem set up one, mi a draw fus!!’
This post is contributed by David Weir. In fact, he focuses on the Jamaican investing landscape but the truth be told…the post applies the world over. Too often we get caught up with investment instruments and yields ignoring altogether the tax component. With taxation being a fact of life…the piece is a timely reminder of the realities of investing and the unavoidable tax implications. Read on!