Dark Arts predicts Labour is about to perform another policy U-turn in the coming weeks by dropping a commitment to force private equity bosses to pay the same rate that you or I would be required to pay on their astronomical bonuses, which are currently taxed as capital gains (28%) rather than income (45% plus NI contributions). This has been the subject of a mammoth lobbying effort headed up by the industry representative body, the British Private Equity and Venture Capital Association (BVCA).

Click for the full article at openDemocracy

Leave a Reply

Your email address will not be published. Required fields are marked *