Sat, 29 May 2010 | BUSINESS NEWS
The proposed hike in Capital Gains Tax will encourage businesses to take on more debt, according to experts. Philip Booth, a director at the Institute of Economic Affairs, said: “The doubling of Capital Gains Tax would be a huge mistake for Britain.”
Booth added that it would penalize companies financing themselves through equity as opposed to debt. As such, it would amount to a “double tax” on the holders of shares.
A statement from the private equity industry’s trade body, the BVCA, said: “we are actively engaging with ministers to urge them not to make hasty decisions in this complicated area”.
UNDER OFFER. Smart and accomplished Beauty Salon and Therapy Clinic in London, offering a range of beauty therapy and complimentary treatments from waxing, manicures and gel nail treatments, pedicures, electrolysis, facials, massages and more.
LEASEHOLD
An exceptional opportunity to acquire a well-established MOT centre and tyre specialist business in Yorkshire, known for its superior customer service and prime location.
This well-established commercial cleaning company, with over 36 years of history in the Cheshire region, boasts a robust reputation and a dedicated team catering to a loyal client base.
Looking for more businesses? Try our off-market tool.
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Administrators exploring options following collapse of video game studio | ADMINISTRATION
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