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The Federation of Small Businesses has warned entrepreneurs that they will be hit by changes to capital gains tax when they retire as well as during the usual course of selling a business.

UK Tax Changes will hit entrepreneurs and small business owners, as they will have to pay higher charges, than ever before.

In an encouraging development for online merchants and purveyors, and the American economy as a whole, the House approved a four-year ban on an Internet sales-tax, voting to continue this tradition of no online taxes.

It was unanimously passed by Judiciary Committee as an addition to the Internet Tax Freedom Act (ITFA) Amendments Act of 2007.

The Committee Chairman John Conyers (D-MI), introduced the bill, saying it would extend the ban on state and local taxes on Internet access until November 1, 2011, giving Congress longer to ponder whether they will tax 'web sales. Conyers called the legislation, "pro-consumer, pro-innovation, and pro-technology.

" The legislation merely highlights the ongoing argument in Washington over whether 'Net taxes should be permanently outlawed.

In his speech at the Senate on 18 September, before social affairs journalists, the President of the Republic encouraged social partners to tackle the government’s priorities for reform.

Xavier Bertrand embarked on discussions the following day to bring special pension schemes in line with the standard public service scheme.

This programme of reform will be implemented “company by company”.

On 24 August, France's Minister for the Economy, Finance and Employment announced the reform of the research tax credit, as it will be laid down in the 2008 Finance Bill, as well as the creation of academic start up companies.

The method for calculating the research tax credit will be simplified.