|
|
28 Dec 2007
Lord Jones, the trade and investment minister, was the first minister to break government ranks yesterday when he warned chancellor Alistair Darling would face ‘unintended consequences’ of his capital gains tax (CGT) reforms unless he offered significant concessions to business.
Other ministers have voiced concern in private but insisted in public they support the pre-budget report decision to scrap taper relief and the 10% CGT rate, Financial Times reports.
Lord Jones backed the business call for substantive changes, saying he hoped ‘whatever is announced – and I’ve no idea what’s going to be announced – I hope they’ve listened to the things that need to be consulted on’.
The minister suggested the Treasury had failed to appreciate the full impact of the proposed move to a single 18% CGT rate on entrepreneurs.
Further reading:
Government airs CGT concessions
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