BlueCrest Capital Management, the family office-turned-hedge fund founded by billionaire financier Michael Platt, is set to face HM Revenue & Customs (HMRC) at the UK Supreme Court this week in a high-profile tax dispute that could have wide-ranging implications for the asset management industry, according to a report by CityAM.
The case centres on the application of the UK’s salaried members’ rules, which determine whether members of limited liability partnerships (LLPs) should be treated a...
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