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0.00045537340619315 0.00045537340619315 0 0 0.00136612021857929 -0.0040983606557377 -0.0040983606557377 -0.0040983606557377
Stock impact report

Sigh of relief for UK tech founders as Labour hikes capital gains tax by less than feared [CNBC]

Dun & Bradstreet Holdings, Inc. (DNB) 
Last dun & bradstreet holdings, inc. earnings: 8/8 09:22 pm Check Earnings Report
US:NYSE Investor Relations: dictionary.com/browse/dun
Company Research Source: CNBC
Reeves' plans had caused angst among tech founders in the country, with British tech lobby group Startup Coalition previously warning the government's tax plans could result in a tech “brain drain.” One tech founder who last week threatened to move to the U.S. over the anticipated tax changes, told CNBC that Wednesday's announcement was “better than I thought it would be.” LONDON — Britain's Labour government on Wednesday announced plans to raise the rate of capital gains tax on share sales, news that offered some relief for technology entrepreneurs who feared a more intense tax raid on the wealthy. Finance Minister Rachel Reeves on Wednesday hiked capital gains tax (CGT) — a levy on the profit investors make from the sale of an investment — as part of her far-reaching budget announcement. The lower capital gains tax rate will be increased to 18% from 10%, while the higher rate will climb to 24% from 20%, Reeves said. The tax hikes are expected to bring in £2.5 billion. “We n Show less Read more
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