Brexit & EconomyPoliticsPBR 07: Private equity hammered by Darling

PBR 07: Private equity hammered by Darling

Darling plans to squeeze PE loopholes

Private equity has been targeted by Alistair Darling in his pre-Budget
report.

Capital Gains tax breaks will be set at a minimum of 18% by next April, the
chancellor said. Private equity chiefs have enjoyed a tax charge on their
profits as low as 10% in the past.

The chancellor said that he would also be looking at the code of conduct for
private equity, rolling out ‘much-needed steps to increase the transparency and
disclosure’ in the sector.

Related Articles

HMRC’s refusal to raid top Tory donor Lycamobile to be investigated by MPs

Big Four HMRC’s refusal to raid top Tory donor Lycamobile to be investigated by MPs

2d Alia Shoaib, Reporter
Spring Statement 2018: Spring has sprung as chancellor finds his inner Tigger

Budget Spring Statement 2018: Spring has sprung as chancellor finds his inner Tigger

1m Emma Smith, Managing Editor
Spring Statement live feed

Budget Spring Statement live feed

1m Emma Smith, Managing Editor
Spring Statement 2018: 5 things to look out for

Brexit & Economy Spring Statement 2018: 5 things to look out for

1m Alia Shoaib, Reporter
Financial Secretary to the Treasury on Brexit, Spring Statement, Making Tax Digital and Carillion

Politics Financial Secretary to the Treasury on Brexit, Spring Statement, Making Tax Digital and Carillion

3m Emma Smith, Managing Editor
David Davis, Secretary of State for Exiting the European Union

Brexit & Economy David Davis, Secretary of State for Exiting the European Union

3m Alia Shoaib, Reporter
Philip Hammond, Chancellor of the Exchequer

Brexit & Economy Philip Hammond, Chancellor of the Exchequer

3m Alia Shoaib, Reporter
Elizabeth Truss, Chief Secretary to the Treasury

Brexit & Economy Elizabeth Truss, Chief Secretary to the Treasury

3m Alia Shoaib, Reporter