Key Takeaways
- • Quadrature Capital's corporation tax bill exceeded £1bn last year, surpassing the big banks, according to The Times.
- • The hedge fund's tax position has drawn attention because of what The Times describes as a 'convoluted' corporate structure.
- • The story links the fund's tax bill to the windfall tax debate, with banks' profits from Labour's windfall measures in focus.
Summary
According to The Times, Quadrature Capital, a hedge fund, paid a corporation tax bill of more than £1bn last year, a figure that surpassed the tax contributions of major high-street and investment banks. The article describes the fund's corporate structure as 'convoluted', which has attracted attention from observers examining how profits are booked and taxed.
The report ties the fund's tax bill to the broader policy context of the Labour government's windfall tax measures, which are being discussed in relation to bank profits. The Times headline frames the fund as the entity behind a £6bn profit linked to those windfall dynamics, though the primary source excerpt available here is limited and does not provide a full breakdown of the calculation.
Because the available source material is brief, further detail on the fund's structure, the specific tax filings, and any response from Quadrature Capital or the government is not confirmed in this summary. Readers seeking a full account should refer to the original Times reporting.
The report ties the fund's tax bill to the broader policy context of the Labour government's windfall tax measures, which are being discussed in relation to bank profits. The Times headline frames the fund as the entity behind a £6bn profit linked to those windfall dynamics, though the primary source excerpt available here is limited and does not provide a full breakdown of the calculation.
Because the available source material is brief, further detail on the fund's structure, the specific tax filings, and any response from Quadrature Capital or the government is not confirmed in this summary. Readers seeking a full account should refer to the original Times reporting.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.