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Hedge clippers

Times Online – They must think it’s Christmas in Geneva. Alistair Darling delivered an early present last week by slapping a 50 per cent tax rate on top earners.

Highly paid but footloose financiers are now betting when the rate will go up to 60 or 70 per cent and are digging out those brochures from the Swiss inward investment agency.

As if that wasn’t enough, here come our friends at the European Commission with proposals for the regulation of hedge funds and private equity funds.

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