Simplify tax regime with common rate on all capital income
There is a really good letter in the FT supporting changes to capital gains tax as well as supporting further changes to equalise taxation on all capital income and moving towards equalisation of tax on labour income. This would be a good thing. In the knowledge economy everyone is a small business, they take the same individual risks so should be treated no differently to any other entrepreneur.
See the letter here: http://www.ft.com/cms/s/0/1026e5f2-7d
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20/10/2007 16:41:47