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Commission: Difference between revisions
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{{g}}[[Commission]] is what the fee you pay to an [[agent]], who helps you conclude the {{t|contract}} without ever being part of the contractual chain. A [[broker]] may well be an agent on a securities sale or purchase — in which case you pay it a commission — but where it acts as [[riskless principal]] (or any other kind of [[principal]]) ''there is no [[commission]]'': the payment we ''call'' a “[[commission]]” is really just an additional [[fee]]. | |||
===Rationale=== | ===Rationale=== | ||
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====Does it really matter?==== | ====Does it really matter?==== | ||
The [[JC]]’s house view is that “a rose is a rose, and by any other name smells just as sweet”, | The [[JC]]’s house view is that “a rose is a rose, and by any other name smells just as sweet” — putting it another way, who honestly gives a toss? — but the answer to that question is “tax lawyers”, and they aren’t so well read.<ref>Heaven only knows what passes for literature for tax inspectors. [[Tolley’s Tax Handbook]], probably.</ref> | ||
{{seealso}} | {{seealso}} | ||