One of London’s largest and most successful hedge funds is considering moving
to Switzerland because of uncertainty about the UK’s tax regime, writes the
Brevan Howard, which manages $22bn of hedge fund assets and employs 250
people, said this is due to the government’s tough line on non-doms.
The fund manager, run by prominent Conservative Party donor Alan Howard ,
has sounded out officials in several cantons in Switzerland with a view to
opening an office which could also serve as its new headquarters.
Five out of the fund’s eight founding partners are believed to be registered
as non-doms in Britain, all of whom have been upset by the Government’s attack
on the tax status.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states