Deputy PM Nick Clegg has said a taper rule for capital gains tax (CGT) is one of the plans currently being "considered" by the coalition Government.
He made the statement on BBC Radio Four this morning, after days of turmoil on an issue which has split voters and politicians alike. Plans to raise CGT to the level of income tax, which could double the levy for some high earners, was a cornerstone of the Lib Dem manifesto in order to pay for a raise in the income tax threshold to £10,100. But this morning, Clegg said the coalition is thinking about putting in place a taper rule for any hike. "It is impossible to start picking off whether you believe in tapering, in whether you believe in indexation - so you don't tax the increa...
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