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BlueCrest founder Michael Platt loses UK tax tribunal appeal

hedgeweek

1 month ago

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BlueCrest Capital Management founder Michael Platt has lost a UK tax tribunal appeal in a case brought by HM Revenue & Customs (HMRC) over the tax treatment of income received through offshore structures, according to a report by the Financial Times.
The First-tier Tribunal ruled in favour of HMRC after examining arrangements involving entities based outside the UK that were used in connection with Platt’s remuneration and investment income. The decision represents the latest in a series of...

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