Drop CGT for three years, urges Liam Fox
Former defence secretary says that dropping CGT will stimulate economic growth
Former defence secretary says that dropping CGT will stimulate economic growth
SUSPEND CAPITAL GAINS TAX for three years to stimulate economic growth, says former defence secretary Liam Fox.
His call for a CGT postponement came in an interview with the Times, in which he also asks for employment laws to be relaxed to make it easier to hire and fire employees.
“If we don’t take some risks, we’ll not get growth and if we don’t get growth, we’ll not get re-election,” Fox said in the interview.
The BBC’s report of his comments suggests that it is a retort against Lib Dem calls for tax increases.
Last week, chancellor George Osborne announced an easing of tax hikes for oil and gas companies. Older oil and gas fields will be shielded from the supplementary charge to petroleum revenues. The tax ‘shield’ is known as the Brown Field Allowance.
More about:
The numbers you crunch tell a story. Your expertis...
12yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleColin makes a wry observation on where the Treasury gets it's Brexit figures Read More...
View articleGeroge Osborne and Alistair Darling will today warn that the Treasury would be forced to unveil an emergency Budget to fill £30bn black hole if UK vot...
View articleA thorough government review into the efficiency of HMRC is badly needed, the president of the ATT has claimed Read More...
View articlePanama Papers anonymous whistleblower 'John Doe' reaches out to government authorities, and has called on global powers to 'end financial secrecy' Rea...
View articlePrime minister set to make announcement on companies which encourage tax evasion, while he launches joint taskforce with HMRC to deal with Panama Pape...
View articleEntrepreneur's relief, lifetime ISAs and Class 2 NICs: All appeared on the chancellor's radar in the Budget 2016 Read More...
View articleHMRC terminates bonus scheme used by major banks to avoid PAYE and NIC payments, and is now on the hunt for an additional £30m in avoided tax Read Mor...
View articleIntroduction of quarterly digital tax accounts for small businesses and self-employed gets parliamentary hearing Read More...
View article