Feeds

Darling swings on capital gains

Not exactly a U-turn, but almost

Website security in corporate America

The Treasury is close to a compromise agreement on its controversial changes to capital gains tax.

Alistair Darling raised the rate from a taper scale beginning at 10 per cent to a flat rate of 18 per cent in his pre-budget report in early October.

The change was met with outcry, especially from the small business community - the Federation of Small Businesses and the British Chamber of Commerce were among those pushing for a change. Engineering lobby group the EEF met the Chancellor yesterday and said it was optimistic he would look again at the tax.

The compromises mean that business owners who are retiring and selling their business will get an exemption on the first £100,000 they make. This will be one-off deal - taking the Gary Glitter approach of multiple retirements and comebacks will not be tolerated.

More from the Financial Times here. ®

Internet Security Threat Report 2014

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.