Bow Group misses point of 'gimmicky' tax breaks

Our grousing columnist Lawrence Gosling said last week the debate was IHT versus stamp duty, while a...

Our grousing columnist Lawrence Gosling said last week the debate was IHT versus stamp duty, while at the same time think tank The Bow Group was suggesting going further. It proposes abolishing what it calls 'gimmicky tax breaks' such as Isas, Peps, VCTs, Tessas, EISs and film schemes alongside removing CGT and stamp duty from share disposals. The purpose of a think tank is to encourage debate, and a columnist to rant, but it is apparent from both trains of thought that a future Conservative administration is likely to shake up the current tax system. The Bow Group is starting from the p...