|
|
 |
 |
FORUM |
|
> Browse and post on our forum |
|
|
|
 |
|
 |
| Author |
 Topic  |
|
|
olibarrett
New Member
4 Posts |
 Posted - 23 October 2007 : 17:51:10
|
An interesting piece from the Manchester Evening News outlines some of the arguments for and against the changes, by giving a voice to several advisers and business people;
http://www.manchestereveningnews.co.uk/news/business/s/1021116_has_the_labour_government_done_serious_harm_to_the_enterprise_culture_by_its_recent_reforms_on_tax
Q. Has the Labour government done serious harm to the enterprise culture by its recent reforms on tax?
Chris Fry, head of tax at KPMG in Manchester
NO While it is easy to see why small businesses might feel hard done by seeing as this is the second time in 12 months that they¡¦ve been hit by increases in tax, it nevertheless shouldn¡¦t deter entrepreneurs from establishing and running long-term business enterprises.
After all, they are more likely to be focused on the day-to-day running of the business itself, rather than the rate of tax they will pay if and when it is sold.
Furthermore, tax efficientƒs investment is still possible in smaller businesses through the Enterprise Investment Scheme, so it may be those middle market companies seeking to raise financing through private equity who are ultimately affected.
Alison Small, Managing Director, City Invoice Finance
YES The region¡¦s small business community will not be helped by the increase in rates and changes to capital gains tax. The new plans, which appear to be mainly targeted at private equity, will hit small businesses especially hard and could stifle growth. This is ƒsdisappointing as it may lead to a reduction in investment in start-up and growth businesses. The effect of this is going to lead to many entrepreneurs wanting to sell their business more quickly rather than investing for the medium or longer term.
|
|
|
tomball2
Junior Member
United Kingdom
9 Posts |
Posted - 23 October 2007 : 22:12:46
|
Again, that's purely taking the entrepreneur's angle.
We need entrepreneurs - and investment / investors.
The only real way of raising £100k - £2m in the UK is via investors - taper relief has been key in encouraging that. To take it away would presumably have the opposite, negative effect.
www.cognac.co.uk
www.joineo.com |
 |
|
| |
Topic |
|
|
|
| Taper Relief Forum |
© TaperRelief.com |
|
|
| This page was generated in 0.23 seconds. |
 |
|
|
|
 |
|
|
|
|
|
For and Against
