Sigh of relief for UK tech founders as Labour hikes capital gains tax by less than feared [MSNBC.com]
Dun & Bradstreet Holdings, Inc. (DNB)
Last dun & bradstreet holdings, inc. earnings: 8/8 09:22 pm
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Source: MSNBC.com
Key PointsOn Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves' tax plans could result in a tech "brain drain.". (Photo by Oli Scarff/Getty Images)Oli Scarff | Getty ImagesLONDON — 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. 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 need to drive growth, promote entrepreneurship and support wealth creation, while raising the revenue required to fund our public services and restore our public finances,
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DNB
Earnings
- 10/31/24 - Beat
DNB
Sec Filings
- 11/19/24 - Form 8-K
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- DNB's page on the SEC website