Drop CGT for three years, urges Liam Fox

by Kevin Reed

More from this author

13 Sep 2012

  • Comments
Defence secretary Liam Fox (Photo - Cabinet Office)

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.

 

Visitor comments

blog comments powered by Disqus
display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit
  • Send

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

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

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

cchcover

iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.