Capital gains tax rise being considered by Rishi Sunak

[OwlHoot]

So a huge number of small to medium-sized businesspeople will be scrabbling around to sell their companies before this absurd change comes in!

Good going, "Tories" - A great way to concentrate yet more wealth in the hands of large, minimal-tax-paying corporations at knock-down prices and reduce employment even more!

2021-02-01 Private equity predators expected to snap up swathes of British companies this year after deal volumes hit their lowest level in seven years in 2020

[AtW]

Where is malvolio with his - "Labour would have done it anyway!"

[OwlHoot]

You can shelter up to £10 million worth of gains – that is designed for the small to medium-sized businessman making their retirement sale. That is just going to be scrapped and they will be taxed at the top rate of tax.

So a huge number of small to medium-sized businesspeople will be scrabbling around to sell their companies before this absurd change comes in!

Good going, "Tories" - A great way to concentrate yet more wealth in the hands of large, minimal-tax-paying corporations at knock-down prices and reduce employment even more!

[jamesbrown]

You can shelter up to £10 million worth of gains – that is designed for the small to medium-sized businessman making their retirement sale. That is just going to be scrapped and they will be taxed at the top rate of tax.

Good to see they’re on top of the details

[AtW]

VAT is a tax on any purchase of a non-essential goods and services (and quite a few essentials), online or otherwise.

Charge VAT on everything, no exceptions (apart from maybe real beluga caviar and champagne), increase it to 25% too over the next 5 years - budget will be in surplus by then.

[OwlHoot]

It's called VAT...

Now MAYBE it should just be higher on goods sold online - that's an easy solution to "level" playing field with shops who have to pay more business rates, however honest Tory party did promise in manifesto that they will not increase VAT...

No it's not called VAT. VAT is a tax on any purchase of a non-essential goods and services (and quite a few essentials), online or otherwise.

Alternatively, maybe one could tax deliveries of non-essential goods.

[ladymuck]

Now that is definitely worth considering, as well as an online purchase tax.

I sometimes wonder why supermarket alcohol sales aren't more heavily taxed, and pub drinks taxes eliminated.

So buying your booze online from a non-UK producer would hurt a bit

[AtW]

an online purchase tax.

It's called VAT...

Now MAYBE it should just be higher on goods sold online - that's an easy solution to "level" playing field with shops who have to pay more business rates, however honest Tory party did promise in manifesto that they will not increase VAT...

[OwlHoot]

How about 35-40% tax on purchase of any labour related services from outside UK?

Now that is definitely worth considering, as well as an online purchase tax.

I sometimes wonder why supermarket alcohol sales aren't more heavily taxed, and pub drinks taxes eliminated.

[AtW]

“ Rishi Sunak is once again considering an increase in capital gains tax to bring it into line with the higher levels of income tax rates, in a blow to savers and entrepreneurs.

Capital gains tax is paid on shares and company assets from 20 per cent to as much as 45 per cent. ]b]He is also looking at taking corporation tax from 19 to as much as 24 per cent.[/b]”

Exclusive: Capital gains tax rise being considered by Rishi Sunak

His InfoSys share owning wife eon’t be affected so why not

Increasing corp tax by 5% also nice, not that InfoSys goimg to be affected,

How about 35-40% tax on purchase of any labour related services from outside UK?