We’re going to leave, blah, blah, blah

Posted on June 4 2009

The Financial Times says:

Some of Britain’s biggest hedge funds have warned the UK Treasury they will be forced to leave the country unless a draft European directive is radically changed.

Some have already begun back-up preparations to move to Switzerland in case the rules — described by one manager as a “French plot against London” — are not rewritten. New York is also a possible destination, according to another.

Remember domicile, corporate tax reform, 50% tax and more? It’s always been the same message: we’re going to leave, blah, blah, blah.

And a few do, and none of us notice the loss.

Same with hedge funds: let’s face it they already claim to be in Cayman anyway.

So please go: you’re just not that important.

But I bet that at most three will actually do it. After all, would you want to live in Geneva?

Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here:

1

One Response

  1. Creg says:
    June 4 2009 at 5:44 pm

    After all, would you want to live in Geneva?

    Instead of London, absolutely!

    Knowing how much you love transparancy, surprosed yo din’t pick up on this:

    http://www.hfalert.com/headlines.php?hid=47059