TaxCorporate TaxTories slam business council for ducking CGT concerns

Tories slam business council for ducking CGT concerns

Tories attack Gordon Brown's business council - which meets tomorrow - for skirting CGT discussions

Gordon Brown’s high-profile business council, which holds its first formal
meeting tomorrow, has been attacked by the Conservatives for leaving capital
gains tax off the agenda.

The group, made of 15 business leaders, half of which are knights or dames,
has been described as a strategic sounding board for government policy and is
expected to discuss climate change, globalisation and human capital, the FT
reports
.

The Tories, however, have seized the opportunity for criticising the
government for not using the council to thrash out business concerns over the
decision to abolish taper relief.

‘The key test of a government relationship with business is not whether it
organises grand council meetings but whether is listens to business concerns on
issues like CGT,’ said shadow chancellor George Osborne.

The government responded by saying: ‘The purpose of the business council is
to discuss long-term policies on issues that will affect the economic well-being
of the economy.’

Further reading:

Business lobby fails to sway Darling on
CGT

Darling rebuffs business call for CGT
rethink

Related Articles

Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

2m Alia Shoaib, Reporter
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

3m Austin Clark, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

3m Clear Books | Sponsored
CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

3m Austin Clark, Reporter
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
Should I incorporate my buy-to-let business?

Corporate Tax Should I incorporate my buy-to-let business?

4m Emma Rawson