Businesses voice concern over tax plans With the Chancellor considering changes to capital gains tax (CGT) and dividend taxes as he looks to balance the books, he has been urged not to tax businesses “into the ground.” Business leaders including those from motorsport have warned that tax raids could stifle growth at a time when firms are already battling soaring energy costs and higher interest rates, while also awaiting a forecast recession. Tina McKenzie, policy chairman at the Federation of Small Businesses, said: “Filling the hole in public finances cannot and must not be achieved at the cost of taxing small firms and self-employed people into the ground, especially at a time when they are facing so many other headwinds.”