Friday, 22 August 2014
Last updated 16 min 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note