If Alistair Darling fails to backtrack on his decision to scrap taper relief
he will face intense tax ‘rage’ from business, the CBI has warned.
At a meeting yesterday Darling faced the business community that has opposed
his CGT reforms so vehemently. He said he was ‘listening’ to their concerns but
gave no indication that he would backtrack on his decision.
CBI director general Richard Lambert said Darling had three weeks to outline
the final proposals on CGT. If they did not go far enough, Lambert said, there
would be a cry of rage.
At the same meeting Tory leader David Cameron said he would fight Darling
‘all the way’ on the decision to dump taper relief.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states