tag:blogger.com,1999:blog-7058786915356669476.post1903581767216848824..comments2024-03-27T08:57:40.383+00:00Comments on SOLO IP <br> for sole and small IP practices<br>: A Vote for EntrepreneurshipFilemothttp://www.blogger.com/profile/15735898485265104580noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7058786915356669476.post-29026236073800823182010-05-04T15:50:58.244+01:002010-05-04T15:50:58.244+01:00CGT is a tricky beast.
On one hand entrepreneurs...CGT is a tricky beast. <br /><br />On one hand entrepreneurs need to be rewarded for successfully navigating the risk of building a business. On the other hand, CGT has been used as a loophole by tax lawyers to avoid paying higher levels of tax on income and property. <br /><br />The Lib Dems propose to raise CGT to prevent the latter abuses but this action also ends up hurting entrepreneurs. <br /><br />Labour's system of tax credits, in my experience, ends up horribly complicating the tax system, even though in theory tax credits are an attractive option to appropriately balance the tax system. <br /><br />The Conservatives have muddled plans, made worse by the fact that some of their core support base are those making use of the CGT-tax loopholes.Anonymousnoreply@blogger.com