BCC issues new CGT blast
British Chambers of Commerce director general David Frost slams government's tax attitude to business minnows
David Frost has issued a stinging criticism of the tax climate which small
businesses are forced to weather by the government.
The British Chamber of Commerce’s director general believed that the proposed
CGT changes would stunt the prosperity of smaller companies.
‘We have to make clear that the proposals to increase taxes will lead to a
loss of competitiveness, and that will lead to a loss of wealth creation,’ Frost
told
The
Sunday Times.
Frost believed that ministers took the success of small businesses for
granted, which had the unwanted knock-on effect of regular tax hikes.
Frost said: ‘They believe that, because the last 10 years have been really
good for businesses, they can just tax them more and more.’
Further reading:
Small
business in final CGT plea