Thursday, May 27, 2010
No disagreement about CGT in Coalition
BBC News: Capital Gains Tax: No coalition split says Vince Cable
"It's very important that we have wealth taxed in the same way as income.
"At present it is quite wrong and it is an open invitation to tax avoidance to have people taxed at 40% or potentially 50% on their income, but only taxed at 18% on capital gains; it leads to large scale tax avoidance so for reasons of fairness and practicality, we have agreed that the capital gains tax system needs to be fundamentally reformed."
Posted by katalan1 @ 12:24 PM (236 views) Add Comment
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