TaxCorporate TaxBrown’s business council ‘won’t discuss CGT’

Brown's business council 'won't discuss CGT'

Gordon Brown's council of business elders will not discuss issue of most concern to business from the pre-Budget report

A council of business elders set up by Gordon Brown to bring business
concerns to government’s attention will not consider the furore over capital
gains tax, it has emerged.

An aide to Mervyn Davies, the Standard Chartered Bank chairman who chairs the
new council, told the
Financial
Times
that the first meeting would ‘agree on a number of priority areas for
the UK – that’s unlikely to [include] capital gains tax.

‘Reacting to something the chancellor does is not what [the council] would be
expected to do – it’s got a broader remit than that.’

The revelation has caused concern with business groups lobbying against the
changes. David Frost, the director general of the British Chambers of Commerce,
said: ‘to me, they have no option but to discuss [CGT]’

The IoD said the CGT changes were ‘the sort of thing that the council should
be looking at.’

Further reading:

Read
the FT story

Business
bosses to advise Brown

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