The British Venture Capital Association has told its members to pile pressure
on their MPs to oppose a rise in capital gains tax in this month’s Budget.
The leading private equity trade body wrote to its 220 members, arguing that
any rise in CGT would “jeopardise our ability to attract investment and brow our
business”, reports the
It also supplied members with a template letter to send to MPs voicing their
opposition to any rise in the tax.
It is anticipated that CGT rates could rise from the current level of 18% to
something closer to income tax. The BCVA argued that “an exemption for business
assets — as was present in the former taper relief legislation — is what is
needed rather than simply maintaining or extending entrepreneurs’ 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