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London tops global tax league

High earners in the UK are set to pay more income tax than in any other major financial centre

London-based bankers and hedge fund managers are facing a tax headache
London-based bankers and hedge fund managers are facing a tax headache

Senior bankers and hedge fund managers based in London will pay more in income tax than they would in any other major financial centre when the new 50% rate of tax is introduced next month, according to data prepared for Financial News.

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