Capital gains

THERE must be no going back to the past on capital taxes. The truth is that the halving of the capital gains tax rate has brought about an extraordinary eightfold increase in receipts.

Fri, 25 Nov, 2005 - 00:00

Tax rates should be set in order to boost the economy and investment. They should not be predicated in dogma or outdated thinking.

To reverse the trend in direct taxation could be deeply damaging to jobs, enterprise and investment.

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