Here’s the one banana skin that could cause everyone problems in the budget

If there’s a banana skin for business in this budget, it could be reforms to the special tax-reducing investment structures known by those most unwieldy of acronyms: Icavs, Qifs, QIAIFs, etc. 

First of all, what on earth is an Icav? Or a Qif? Or a Qiaif? Well, they’re all subtly different structures which allow investors to extract profits while avoiding large chunks of tax. They ...