Capital gains must pay its fair tax share - Darling

Speaking at the CBI conference today, Darling says simplification of the tax system is needed as complexity brings increased costs. Darling says it was “inevitable” the 18% across the board capital gains tax charge would be controversial. “Many have long called for a simplified tax system and have long complained about the complexity of the tax system,” he says. “And we have to recognise that one person's tax exemption is another's complexity - simplification is not the easy option. But it is the right one wherever it is possible.” Darling says like any other profits, capital gains ulti...