Marshall Wace Establishes Abu Dhabi Office Amidst Criticism of UK Taxes

Reported 1 day ago

Hedge fund co-founder Paul Marshall criticized the high taxes and regulations in the UK during his announcement of a new office in Abu Dhabi. He highlighted the zero income and capital gains tax in the UAE as major advantages over Britain's 45% and 24%, respectively. Marshall's firm, valued at $69 billion, aims to tap into the rich financial landscape of Abu Dhabi, which is attracting numerous wealthy firms and individuals, further establishing itself as a key financial hub.

Source: YAHOO

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