George Osborne’s Capital Gains increase ‘cut his tax take’: Chancellor faces call to slash rate | Mail Online

George Osborne faces calls to slash Capital Gains Tax as a report shows past increases have failed to create revenue.

Official figures examined by the Adam Smith Institute show putting up the tax in 2010 actually cost the Treasury income.

Its report finds people held on to assets – such as property or shares – rather than selling them, to avoid the higher tax rate.

 

George Osborne’s Capital Gains increase ‘cut his tax take’: Chancellor faces call to slash rate | Mail Online

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