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Tag Archives: hedge funds

Opinion: Now is NOT the time to abolish 50p tax rate

By Richard Davis | Thu 8th September 2011 - 1:48 pm

A letter appeared in the FT today from a deficit* of economists which suggested that the 50p tax rate be dropped. Their reasoning, as was stated on yesterday morning’s Radio4 Today programme is that hedge funds are relocating to Switzerland in favour of the cheaper tax. While I assume if the tax was dropped the 0.5% of the population in the UK who actually pay that level wouldn’t contemplate leaving?

Having worked with hedge funds I recognised a few of the names, such as Sushil Wadhwani, listed in the BBC article as former Monetary Policy Committee (MPC) member. In other …

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Posted in Op-eds | Also tagged income tax | 34 Comments

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