Tom Hopkins: If Carlsberg did tax breaks …

There are some commentators who appear to think venture capital trusts (VCTs) and the Enterprise Investment Scheme (EIS) have acquired a bad rap for being an overgenerous tax break for the already over-invested middle class retiree. Given the various ‘low-risk' capital preservation schemes involving solar, crematoria, storage facilities and the rest being peddled over the last few years, that is perhaps hardly surprising. With Royal Assent rubber-stamping new rules governing these schemes, however, and thus forcing a refocus on growth and development - ‘risk-to-capital' being the new man...