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Reuters (UK) Wall Street Journal. Financial Times. "Tax relief on debt interest should be available at an appropriate, modest level and on an commercial transaction basis but the wide use of PIK notes with very high interest rates and other structures is simply a ruse for making equity returns look like debt and avoid even modest CGT tax.

Financial Times

Let's see politicians and legislators address the issues. " By Le gun on How savvy asset managers can fend off the regulators "How about we spend a tiny fraction of the £50bn to make sure there is phone and internet coverage on all existing train lines? Then we can get some work done. I find it incredible that in the 21st century you can't even make a reliable phone call from a train. " Reuters (US)