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From: JonH🍕
Haters gonna hate,, And gloat. Billionaire trader and XTX Markets founder Alex Gerko lost a major tax battle against HMRC in the UK Supreme Court on June 17, 2026. Key Details of the Case • The Dispute: The Supreme Court unanimously ruled against Gerko and fellow traders regarding the tax treatment of deferred and structured profits from his former currency-trading fund, HFFX, covering profits made between 2010 and 2015. • The Ruling: The court decided that the profits should have been subject to a 45% income tax rather than corporate tax rates, resulting in a £22.5 million tax bill and pushing the effective tax rate to roughly 70%. • Gerko's Reaction: Gerko criticized the outcome on platforms like eFinancialCareers as "massive double taxation" and accused HMRC of "gloating" over the legal victory. • HMRC's Stance: HMRC maintained that complex corporate or partnership structures cannot be used to bypass personal income tax on what essentially functions as trader remuneration.

Current Thread	Author	Time
Impressive,,...[more]	JonH🍕	10:44:06
>> Haters gonna hate,,...[more]	JonH🍕	10:46:01
>> Surprised he hasn't Fucked off yet	Occhio Pazzo 🇬🇧	11:21:07
>> I know. A national treasure and yet the minions gloat.	JonH🍕	11:37:51

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