@skinnychamp told the PM to protect entrepreneurs' relief, saying it is a vital carrot for those who start their own ventures. @BVCA and @fsb_policy also concerned about what will happen to the tax relief in March's budget
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Boris Johnson tells @skinnychamp that entrepreneurs' relief is facing the chop, saying it is used by the "staggeringly rich to make themselves even more staggeringly rich". Prime minister says Treasury is "fulminating" against the £2.4bn tax breakhttps://www.thetimes.co.uk/article/entrepreneurs-tax-relief-only-makes-the-rich-richer-kgrnmn27x …
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@BorisJohnson@10DowningStreet please listen to@skinnychamp! Improve ETR but don’t abolish it. It’s a huge incentive for people to launch their own businesses - the backbone of the economy. Happy to discuss!#dontabolish#entrepreneurstaxrelief#supportentrepreneursHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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Seems there is a trade off that much of benefit goes to already wealthy but value is in the broader incentive. Judgement as to whether worthwhile is therefore difficult - what evidence of value if any.
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The loophole just needs closing so only genuine entrepreneurs founding businesses can use relief
#simple - Još 1 odgovor
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What would I know..... only pumped money I haven’t really got into one co-founded
#startup (it’s a goody, reforming a massive and outdated global value chain to UK’s advantage) so far in 2020.Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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