Scrapping entrepreneurs' relief: does it make sense?

摘要

A Chancellor under pressure following an announcement to scrap a 10% tax rateon the sale of business assets, howls of outrage from the CBI and calls fromministers and business owners to reverse the decision. A lack of any substantialresearch or consultation on the issue, followed by an embarrassing reversal.Sound familiar?This is not crystal-ball gazing but rather how entrepreneurs’ relief came intoexistence as then Labour Chancellor Alistair Darling responded to criticism ofabolishing taper relief.