London faces a significant challenge to its status as the leading base for
hedge funds, as Switzerland mulls offering the sector a special 10% tax rate.
The Swiss banking federation has proposed a 10% tax on elite hedge fund
managers, effectively cutting the marginal rate by 35 percentage points.
‘It’s an idea I’m trying carrying around,’ said Merz. ‘The financial
marketplace is of enormous importance to our country. I know that we have a
disadvantage in taxes. We understand the problem, and we have to solve it.’
Committee expresses concern about costs to businesses and April 2018 implementation date
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham