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Winton Capital boss publishes personal taxes
TOP HEDGE fund boss David Harding yesterday revealed his tax payments in an effort to show he is doing his bit to plug the vast government budget deficit.
The founder of Winton Capital Management paid £34m in tax last year, on earnings of £87m – a rate of 39 per cent.
That is below the 50 per cent top rate of income tax because much of the earnings are dividends which are taxed at a lower rate.
“I think that if you want to be accepted by society you have to be seen to be paying your share,” he told the Sunday Times.
“I think the resentment and anger is felt among the middle class – the civil servants, the teachers, the soldiers, the public sector workers, the professional classes,” he explained.