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Press Release

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28 May 2010 | HIGHER CGT A TAX ON ASPIRATION, SAYS TMA (UK)

Britain's turnaround and recovery management professionals are backing calls for tapered relief to be introduced on Capital Gains Tax.

TMA (UK) fears that Government plans to raise CGT from 18% to rates "close to those applied to income", announced in the Queen's Speech, would deter private equity firms from investing in businesses in turnaround and force distressed companies into insolvency rather than recovery.
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