Companies in the news
Sir Martin Sorrell Chief Executive of WPP told The Times (20 April) that a Liberal Democrat proposal to raise capital gains tax would 'choke off' entrepreneurial activity. 'If the objective was to harmonise income tax rates and capital gains rate at say 30% I could understand that. But [it is] not ' he said.
'We recognise we are a company with a controversial product and have always supported sensible reasonable and practical regulation ' said Imperial Tobacco as it released half-yearly results. 'Excessive regulation and tax increases by governments further fuel the illicit trade of non-duty paid and counterfeit tobacco products.'
