New ‘rich’ tax criticised for potential to hamper investment

The new ‘rich tax’ will have the effect of excluding traditional investors from taking part in the scheme which replaces the Business Expansion Scheme (BES), according to tax, pension and legal adviser ITC Consulting.

26th February, 2011

The new ‘rich tax’ will have the effect of excluding traditional investors from taking part in the scheme which replaces the Business Expansion Scheme (BES), according to tax, pension and legal adviser ITC Consulting.

The introduction of the Employment and Investment Incentive (EII) should be an avenue of funding for SMEs, many of which are struggling to access credit. However, Sonia McEntee, managing director of ITC Consulting, said the latest taxing policy on...

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