Darling agrees to capital gains tax talks
Chancellor to hold crunch meeting with envoys from the Institute of Directors, CBI, The British Chambers of Commerce and the Federation of Small Businesses
Alistair Darling is preparing for heated discussions with business groups in
the wake of his capital gains tax hike.
Representatives from the
CBI,
The British Chambers of Commerce, the Federation of Small Businesses and the
Institute of Directors are preparing for crunch talks later today in efforts to
force the chancellor into a U-turn.
The new 18% flat rate of capital gains tax imposed by Darling caused
widespread anger among business groups because the change stifles entrepeneurs
and smaller businesses looking to cash-in after building up their companies.
Further reading:
Darling
rebuffs business call for CGT rethink