Alistair Darling has announced changes to his proposals for Capital Gains Tax (CGT), following criticism from business leaders.
Changing CGT could be a bigger disaster for the UK financial services industry than the Northern Rock scandal, Premier Wealth Management warns.
Chancellor Alistair Darling says it is "right and fair" for capital gains to pay its share in tax, after announcing the Government will publish its final proposals for CGT in the next three weeks.
The Treasury Select Committee has called on the Government to set out proposals for how it will mitigate the effects on small businesses of changes to capital gains tax (CGT).
The Chancellor, Alistair Darling, is consulting with business leaders on refining capital gains tax proposals with an announcement on the final tax structure expected before the Budget in March.
Vince Cable, Shadow Chancellor and acting Leader of the Liberal Democrats, has branded the Government's capital gains tax (CGT) changes clumsy and says they have not been fully consulted upon.
The Chancellor of the Exchequer has bowed to pressure and will today meet industry leaders to discuss his widely-criticised 80% hike in capital gains tax, The Telegraph reports.
The Enterprise Investment Scheme Association (EISA) has called on the Government to raise initial income tax relief from 20% to 30% to stimulate investment into Britain's enterprise economy.
The Investment Management Association (IMA) today calls on the Government to implement the changes proposed for capital gains tax (CGT).
Large IFA companies expect a "massive rush" of smaller advisory firms to sell up before the Capital Gains Tax (CGT) changes arrive in April.