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 is an opportunity to acquire a well-established environmental services and specialist construction company located in the South West of England.
Exciting opportunity to acquire a UK based long established business with 84 years of skills, knowledge and experience operating out of a freehold premises in North-West England.
There is an exciting opportunity to acquire an award-winning media business specialising in the production of children’s TV programmes.
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