Tuesday, 5 May 2015
Last updated 8 hours ago
Feb 25 2008 | 12:55pm ET
Private equity titan TPG Capital is mulling a move of its European operations in the wake changes to Britain’s tax code.
The former Texas Pacific Group may move its European headquarters from London to Switzerland, Financial News reports. The Fort Worth, Texas-based buyout group will make its decision after the British government reveals its plans changes to the treatment of non-domiciled workers on March 12.
Under the proposed new rules, the U.K. could enforce at £30,000 (US$59,000) charge on long-tern resident non-domiciles. Of TPG’s 17 top practitioners in London, 13 are not British citizens.
Switzerland recently charged a working party with making the country more attractive to alternative investment firms, and the country is reportedly especially interested in persuading TPG to move to the country.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…