Tax shock prompts indie publishers into fire sale.

The article reports that the sliding scale of the "taper relief" provision of the capital gains tax (CGT) in Great Britain will be replaced by a flat rate. According to the article, small businesses, such as independent publishers, tend to benefit the most from taper relief because of the amount of...

Full description

Bibliographic Details
Published in:	Bookseller no. 5303; p. 6
Main Author:	Tivnan, Tom
Format:	Article
Published:	Bookseller Media Ltd 10/19/2007
Subjects:	Capital gains tax Publishing Taxation of investments Tax rates United Kingdom
Online Access:	View this record in EBSCOhost

Description
Summary:	The article reports that the sliding scale of the "taper relief" provision of the capital gains tax (CGT) in Great Britain will be replaced by a flat rate. According to the article, small businesses, such as independent publishers, tend to benefit the most from taper relief because of the amount of savings for investors. The publishing industry is reportedly upset by the news.