The CGT relief for entrepreneurs will do nothing to help the business
‘powerhouses’ of the country, said the CBI.
Employers’ bodies reacted coolly to yesterday’s announcement that gains for
entrepreneurs would be taxed at 10% for the first million pounds they make.
CBI director general Richard Lambert said changes to CGT rules were still a tax
hike and would damage the economy.
Martin Temple, chairman of manufacturing body EEF, said the relief was a helpful
concession but its tax policy ‘sent out all the wrong signals’ about its
attitude to business.
The ABI said it would push for the creation of a level playing field for CGT on
investment products such as unit trusts and investment bonds.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states