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.
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer