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How hedge fund wizard Michael Platt lost a £200m tax battle
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How hedge fund wizard Michael Platt lost a £200m tax battle
“I hate losing money more than anything. Losing money is what kills you. It is not the actual loss. It's the fact that it messes up your psychology,” Michael Platt of BlueCrest Capital Management observed in 2012. So, just imagine how angry he is at losing a high-stakes £200 million battle with HMRC over the employment status of some of his traders, says The Times. The Supreme Court has thrown out BlueCrest's appeal, ruling that payments to some…
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