England makes new discounts for private equity in the tax raid

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On Thursday, the British government presented new discounts on tax breaks on tax benefits, privatized capital companies, and after warnings, the reforms will damage the English competitiveness.

In April, Chancellor Rachel Reeves increased the tax rate on the pedestrian route – the share of the profit of private capital managers in selling companies – from 28 percent to 32 percent.

The government plans to show more than capital income than capital income from the next year, to close the “space” covering private capital in the election manifesto.

However, the proposed new regime still would still approach managers’ gains: Fund managers, 34.1% are lower than 34.1 percent, lower than 45 percent income tax.

After the consultation on the regime, the Treasury said a document On Thursday, the government left two proposals that are more difficult to match 34.1 percent of the managers.

The government, since April, was required to offer their own funds within its own cash within its own funds.

He also planned to provide a new waiting period for the 34.1 percent rate for the fund manager. Managers are required to wait about 40 months, for about 40 months, and for about 40 months to be rewarded and pay for it as a capital gain.

However, the government said he would throw both proposals on Thursday.

The government also retreated after leaving large private capital companies, including black stone, KKR and EGA, after leaving the country, the fund managers who were subjected to the British tax.

The treasury has been exposed to income taxes on the route of the British residents in Britain, which is exposed to the regime of managers who leave some industrial figures in the UK.

On Thursday, the government made discounts by declaring the government, including the Turkish budget in Britain before the last October budget.

In addition, if individuals work only in the country, it will be provided in the UK.

Private capital industry Michael Moore, CEO of BVCA, which is a trade body, said the government’s announcement, “It has received a pragmatic approach to the potential effects of interest regime.”

However, Moore warned that in some regions of the industry reforms “risks of double taxation” and the government will continue to deal with.

Dan Neidle, a meditation center, a thought tank, the government’s announcement of the government, said the ministers represented “an important peak”.

“The government has demanded the demand for the co-investment. In other words, people can invest in the nominal amount, a massive return and achieve this discounted tax rate,” he said.

Jennifer Wall, a partner in the BDO, which has an accounting company, showed the new treasury document, “he said,” he said, “he said and understands the importance of the industry,” he said.

Treasury Insiders wanted the changes shown in the new document were “technically” in nature and to reduce their importance.

Additional report by George Parker