The U.K. government’s decision to raise the top rate of income tax will leave residents earning more than 1 million pounds ($1.6 million) a year worse off than they would be in any of the world’s other major financial centers.
“People feel let down,” Nick Bacon, a London-based financial services tax partner at accounting firm KPMG, [...]
I know, it sounds like a tabloid headline but basicaly not too far from the truth
Mayor warns EU not to strangle world’s premier financial centre
The Mayor of London, Boris Johnson, today called on the Government to help him resist the EU Commission’s dangerous plans to regulate financial services. He fears that the plans [...]
The Sunday Times reported that a group of London’s largest hedge funds, which between them manage £120 billion of assets, led by industry body the Alternative Investment Management Association (Aima), will this week meet to discuss the EU’s draft directive aimed at curbing the activities of hedge funds and private equity.
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