(Reuters) - It was nine years ago that finance minister Gordon Brown, to
encourage business growth, introduced the idea of a 10 percent
capital gains tax instead of the regular 40 percent income tax
rate for investors that sold a company after owning it for at
least 10 years.
By 2000, the lower rate would apply to businesses owned for
four years, and two years later it was just two years.
Read more at Reuters.com Bonds News
encourage business growth, introduced the idea of a 10 percent
capital gains tax instead of the regular 40 percent income tax
rate for investors that sold a company after owning it for at
least 10 years.
By 2000, the lower rate would apply to businesses owned for
four years, and two years later it was just two years.
Read more at Reuters.com Bonds News
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