I donât really understand what the fuss is all about as regards the recently announced changes to capital gains tax. Yes, I can see how if money, and in particular maximising money, is your key driving force in your life, how this change is going to effect you. Sure the capital gains tax is being is being raised by 80% but its being raised from 10% to 18%. If your business is even only moderately successful then you are still getting to keep over 80% of profits.
Yes, some investors might be less sure of investing their money in a business after this goes ahead, but isnât that really a good thing? If anything it will mean that those people investing businesses will be doing so because they believe in the business and are in it for the long haul (rather than being out for the fast buck) which has got to be a whole lot more ethical and a sustainable way to do business.
