Changes to Cgt Regime Go Ahead Despite Criticism ; Capital Gains

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HIGHLY controversial plans to change the way capital gains are taxed will go ahead, Alastair Darling said today, despite massive criticism from small family firms through to the largest FTSE 100 companies.

The Chancellor's target when he announced a shake-up of the capital gains tax (CGT) regime last October was the private-equity industry, where one of its leading figures had famously boasted that executives regularly paid less tax than his cleaner.

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Changes to Cgt Regime Go Ahead Despite Criticism ; Capital Gains

Darling confirmed he is abolishing taper relief, which had seen many in the venture capital indu...

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