The private equity industry is facing
‘Custer’s last stand’ moment, according to the unions.
Union officials were quoted in
Observer this weekend making the claims, as they were buoyed by suggestions
from the chancellor of a tax crackdown.
There are two reviews of the buyout tax regime under way: one into interest
relief and the other into capital gains taper relief on shares owned by buyout
Paul Moloney of the GMB said: ‘we will chase them down every rat hole to find
out where they are getting their money from and who they are ripping off.
They’re on Custer’s last stand.’
Brendan Barber, the TUC general secretary, also wants reform of debt relief,
and a rigorous investigation of the ‘carried interest’ capital gains rules, he
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
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year