|
|
15 Jun 2007
In the aftermath of the resignation of Peter Linthwaite, chief executive of the British Private Equity and Venture Capital Association (BVCA), Peter Taylor, managing partner of Duke Street Capital has publicly admitted that tax rates for private equity firms are ‘unnecessarily low’.
A report in the Daily Telegraph quoted Taylor 'speaking independently' as saying tax rates could be higher without unduly harming investment.
Taylor said he also believes the two-year period of taper relief could be extended.
He added though that the issue relates to ‘the whole of capital gains tax, not just private equity’.
‘The point should be whether people are taking genuine risks and have to perform well over a number of years. If you are, then you deserve to get that sort of treatment,’ he said.
Further reading:
Private equity body boss resigns in tax row
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment