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Chancellor stands firm on Capital Gains Tax

Efforts by a number of leading business groups to make the Chancellor rethink his plans for the Capital Gains Tax scheme appear to have failed.

Members of the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC), the Federation of Small Businesses (FSB) and the Institute of Directors (IoD) met Chancellor Alistair Darling yesterday (Monday), to raise concerns from their members about changes to the tax regime outlined in his Pre-Budget report (PBR).

A BCC spokesman said:

"The Chancellor can now be in no doubt of the views of business towards the changes he made to the Capital Gains Tax in the Pre-Budget report."

However, although the Treasury said it would listen to concerns from the business world, the changes to Capital Gains Tax outlined in the PBR would come into effect next April, The Guardian reported.

 
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