The UK’s high rate of income tax has been causing problems for partners at hedge funds. This is how they are mitigating it

The UK’s 50% higher rate of income tax – to be reduced to 45p next April – has been causing headaches for hedge funds. The problem, according to Christopher Groves, a partner in the tax team at legal firm Withers, is that all the profits of a partnership are treated as income and therefore taxed […]