I don’t deny that - but the case in the BBC is an idiot with a few details left out to make him look smarter and Revolut look vulnerable
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Someone created a new thread but that was merged into this
Can’t wait to pay more taxes aka shafted.
What?! Five whole percent? Is that what crowdfunders will pay?
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Apparently the success fee only applies on investments made on, or after 1st April 2021. So I assume that misses all the Monzo rounds.
They must have seen all the cash about to be made by Revolut and Monzo crowdfunders and thought - we should be entitled to some of that!
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Yeah. The attraction to invest and try to make more money with money you have already earned is about to dramatically reduce with cap gains tax rate. Why take the risk anymore? Assumr it will hit crowdcube (and the economy) hard
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Doubt it will hit the economy, as only a small percentage of shares are owned by individuals and some of those are likely held for dividends more than growth. EIS, SEIS and investment ISAs will still exist too (we assume).
It does hit non-EIS crowdfunding in particular, but that’s a fairly minor issue in the context of the economy
A post was merged into an existing topic: Lloyds Banking Group chat
You’re lost, Carlo!
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Wrong department Carlo! Made the same mistake as Lloyds
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Not sure why it posted here 
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I award you the Wooden Spoon of Pot Stirring…
Quote from CEO T S Anil in the cross referred item dated 11th October
“It’s great to be able to provide employees with some liquidity, while meeting further investor demand for Monzo equity,” says CEO TS Anil in a statement. “It’s because of our employees’ commitment to our mission that we’ve grown to more than 10m customers, continue to launch game-changing products and consistently top the industry leaderboard for customer satisfaction for our personal and business accounts.”
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I disagree. It completely disincentivises investment, innovation and risk taking. Fewer companies getting funding = fewer companies, fewer jobs, etc.
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But almost all funding is from VCs who are completely unaffected.
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Some big assumptions here. Not all investment is by VC’s, don’t forget the crazy proportion of UK companies which is made up by small businesses. And VC’s will be affected, there’s been a lot of news coverage about it - they are subject to capital gains.
It’s a personal tax, doesn’t apply to limited partnerships or companies.
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Not sure the right place to put this thought/speculation
Once they’ve received their EU banking license - I feel like Monzo should just acquire N26 and migrate the customer base on to Monzo tech stack. It feels very much like N26 are completely flatlining and are a sitting duck. It would be a rapid way of getting a substantial foothold in many EU countries.
Really? Their offering was bare bones?!
Monzo are never going to buy N26. They don’t need to buy users as they will pick them up by being better than N26.
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