Zurich woos London hedge funds
Switzerland plans special 10% tax rate for hedge fund managers
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.’