Brown to close private equity tax loophole
NorthernMonkey Wed Sep 26, 2007 at 10:42:03 PM GMT 
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The government will close a tax loophole that allows fat-cat bosses to pay less tax than their office cleaners, Gordon Brown said today.
The prime minister vowed to take action on private equity chiefs in the pre-budget report later this year.
During a wide-ranging question-and-answer session with Mariella Frostrup, the TV and radio presenter, at the Labour party conference in Bournemouth, Mr Brown said: "Whenever there is a loophole that shouldn't exist we take action. Since 1997 we have closed a massive number.
"Sometimes it is very difficult to do so because you have lawyers and accountants who are always trying to find these loopholes.
"But on this issue of private equity I can assure you that we will do so."
Brown to close private equity tax loophole | 1 comment (1 topical)
Brown to close private equity tax loophole | 1 comment (1 topical)
