The private equity industry is to pressure the government for an exemption to
the proposed rise of capital gains tax on non-business assets.
Representatives at the British Private Equity & Venture Capital
Association warned against taxing rises in the sector’s non-business assets as
Simon Walker, chief executive of the BVCA
in a statement on the body’s website:
“The BVCA would caution against the assumption that any increase in CGT would
produce enhanced revenues that could be used to reduce taxation elsewhere…..
“The BVCA will, therefore, be actively engaging with ministers to urge them
not to make hasty decisions in this complicated area.”
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