How the ‘unknown unknowns’ terrorise tax
The confusing messages which emanated from President Trump’s recent visit to this sceptred isle reminded me of the equally confusing statement by the then US Secretary of Defense Donald Rumsfeld, namely, 'There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know.' And it is these things that 'we don’t know that we don’t know' that professional advisers are attempting to address before 30th September 2018 when the 'Requirement to Correct' (RTC) rules come into force, writes Sophie Mazzier.
To read more, go to Spear's Wealth Management magazine.