/biz/ - Business & Finance

https://www.telegraph.co.uk/politics/2021/01/30/exclusive-capital-gains-tax-rise-considered-chancellor/

>Rishi Sunak is once again considering an increase in capital gains tax to bring it into line with the higher levels of income tax rates, in a blow to savers and entrepreneurs.

>Capital gains tax is paid on shares and company assets from 20 per cent to as much as 45 per cent. He is also looking at taking corporation tax from 19 to as much as 24 per cent.

>The 2019 Conservative Party manifesto committed to no increases in VAT, inheritance tax and National Insurance but left the way open for rises in capital gains tax and corporation tax. Income tax increases in bands, from 20 per cent to 40 per cent, and 45 per cent for the highest earners.