In 2003 21-year-old Mark Joseph established himself as the original DIY star when he released his first single with no label, backing or promotion and reached number 38 in the charts. It was this feat that inspired him to set up 38 Records – his own record label funded by fans.
The CGT reforms proposed by Alistair Darling are not going to make life any simpler for the entrepreneur.
Conservatives reckon entrepreneurs aren’t favoured by CGT announcement
Darling’s CGT announcement hits entrepreneurs and employee share schemes.
Vikas Shah founded his first company, the Ultima Group, at 14. A gun-for-hire, he boosted his pocket money building websites for local companies.
The government’s latest change to the capital gains tax regime has been labelled “hugely short-sighted” by one entrepreneur, and compared to being mugged then handed back an empty wallet by another.
The revisions to CGT will be a disappointment for many entrepreneurs.
So Alistair Darling will announce his new proposals on Capital Gains Tax (CGT). Will entrepreneurs be pleased with the outcome?
Here are some of the comments that have been made about the government’s latest CGT proposal.
The government has partly backed down from its contentious capital gains tax reforms, announcing that entrepreneurs will pay 10 per cent tax for the first £1m of qualifying gains.
2008 is going to be the year of intergalactic travel. So said Virgin tycoon Richard Branson in New York yesterday as he unveiled his latest money-making machine: a spaceship.
Recycling innovator Remarkable is on the brink of the first recycled waste brand.