Home / Knowledge / News / Relief for small business welcome, BCC Director General
Relief for small business welcome, BCC Director General
24
Jan '08
Commenting on the announcement made by the Chancellor on Capital Gains Tax, David Frost, Director General of the British Chambers of Commerce, said:

"It is welcome that the Government has recognised the concerns we raised about the damaging nature of the CGT reforms on small business.

Keeping the 10% rate on gains upto £1 million will be a great relief for many small business owners, allowing them to gain from the risks they have taken over their career.

"What can not be ignored however, is that the ultimate impact of these changes is going to be a £700 million tax take from business.

It is also clear that this has done nothing to simplify the taxation system, the original stated aims of the changes.

"At a time when the economy is facing a downturn the Government is taking yet more money from business.

The Government should not have changed a Capital Gains Tax system that was working well and helped to foster an entrepreneurial spirit in the UK."

British Chambers of Commerce

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search