BrewDog founder attacks Reeves’s capital gains tax raid as brewer mulls IPO
2 months, 3 weeks ago

BrewDog founder attacks Reeves’s capital gains tax raid as brewer mulls IPO

The Telegraph  

The founder of BrewDog has lashed out at plans by Sir Keir Starmer and Rachel Reeves to raise capital gains tax, ahead of an expected stock market listing that would put him in line for a major windfall. James Watt said a large rise in capital gains tax in the Budget on Oct 30 “will destroy entrepreneurial spirit in the UK and in turn severely damage our economy”. “Increasing capital gains tax will do far more damage to our economy than any gains we may experience from increasing this tax.” His comments come as BrewDog considers a stock market float, which Mr Watt previously claimed could value the company at as much as £1.8bn. Reports have suggested that Ms Reeves could raise capital gains tax to as high as 39pc, as she seeks to plug an alleged £22bn “black hole” left in the nation’s finances by the last Conservative government.

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History of this topic

Rachel Reeves' plan to hike capital gains tax 'will bite into the profits of investors'
2 months, 1 week ago

Rachel Reeves' plan to hike capital gains tax 'will bite into the profits of investors'

Daily Mail  

Investors will lose more of their profits from the sale of shares after Chancellor Rachel Reeves announced an immediate hike to capital gains tax rates. For sales of shares, basic rate taxpayers typically pay 10 per cent on their gains, while higher and additional rate taxpayers must cough up 20 per cent. But this will now be raised in line …

Millionaires urge Reeves to raise £14bn from capital gains tax changes at Budget
2 months, 3 weeks ago

Millionaires urge Reeves to raise £14bn from capital gains tax changes at Budget

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Rachel Reeves should …

Rachel Reeves urged to raise capital gains tax to 39pc by Labour think tank
2 months, 4 weeks ago

Rachel Reeves urged to raise capital gains tax to 39pc by Labour think tank

The Telegraph  

Rachel Reeves should raise capital gains tax to as much as 39pc at her maiden Budget later this month, a Left-leaning think tank has said. A wholesale reform of CGT, including cracking down on reliefs to stop investors avoiding higher tax rates, could raise in the region of £9.5bn per year, according to economists at the think tank. This would …

Row over claims Rachel Reeves could hike capital gains tax as high as 39%
3 months ago

Row over claims Rachel Reeves could hike capital gains tax as high as 39%

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Rachel Reeves is …

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