BCC issues new CGT blast
British Chambers of Commerce director general David Frost slams government's tax attitude to business minnows
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
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.’