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”.
This well-established business in Suffolk is renowned for providing bespoke hydraulic, electric, and mechanical systems across various industries, with end-to-end solutions and a strong reputation for quality and reliability.
This well-established Buckinghamshire-based wholesale catering supplier offers a diverse range of fresh produce, dairy, and catering essentials to sectors such as hospitality and healthcare.
This well-established Essex-based business offers a comprehensive suite of bespoke luxury furniture services, from design to installation, catering primarily to private clients and developers.
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