Tax policy briefing
The Queen's Speech delivered on 25 May declared that the new Government believes in 'lower and simpler' taxation. 'The Budget will set out a five-year roadmap for a big reform of corporation tax. It will reduce and simplify corporation tax rates to send out a signal that Britain is open to business again. Capital gains on non-business assets will be taxed at rates closer to those applied to income tax with generous exemptions for entrepreneurs ' it said.
This week's Tax Journal news extracts the coalition's tax proposals and highlights the latest developments ahead of the Budget on 22 June.
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Tax policy briefing
The Queen's Speech delivered on 25 May declared that the new Government believes in 'lower and simpler' taxation. 'The Budget will set out a five-year roadmap for a big reform of corporation tax. It will reduce and simplify corporation tax rates to send out a signal that Britain is open to business again. Capital gains on non-business assets will be taxed at rates closer to those applied to income tax with generous exemptions for entrepreneurs ' it said.
This week's Tax Journal news extracts the coalition's tax proposals and highlights the latest developments ahead of the Budget on 22 June.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: