Darling swings
would be a much better story. Either from tree or both ways, I don't mind. How about knocking one up for tomorrow?
Darling swings on capital gains
The Treasury is close to a compromise agreement on its controversial changes to capital gains tax. Alistair Darling raised the rate from a taper scale beginning at 10 per cent to a flat rate of 18 per cent in his pre-budget report in early October. The change was met with outcry, especially from the small business community - …
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Flat rate pitfalls
The flat rate is really the worst of all worlds. All the fuss is about its unfairness to small guys, but there's another problem that hasn't been mentioned. A flat rate of 18% is a gift to the fat cats who get huge bonuses in the form of share options and will pay CGT when they sell them later. IIRC this is a known problem in the US so why was such an obvious loophole left open here?
Oh, you mean they are our FRIENDS?
They give MONEY to the Party?
Hell, thats right. We can't tax THEM.
Gary Glitter
is unlikely to be making any more comebacks though.
Hooray for Labour
Once again proving they know fuck all about anything except wasting money and robbing people blind.
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