TaxCorporate TaxCBI warns Darling of tax ‘rage’ over CGT

CBI warns Darling of tax 'rage' over CGT

Chancellor is warned that failure to reform CGT will inflame business rage

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.

Further reading:

Tories say CGT explanations are
unravelling

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