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....”. Barclays introduced voice recognition software for all its 300,000 wealthiest clients in the UK in 2013. ... [Read full article on Guardian ]
Friday 19th of May 2017 02:31:12 PM
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.... The Liberal Democrats raised only £180,000 in the same time period, which is likely to raise further questions about their appeal under Tim Farron. The commission’s figures show that Theresa May’s party has launched a major fundraising drive among its wealthiest donors, with the aim of raising £19m for the general election. ... [Read full article on Guardian ]
Thursday 18th of May 2017 02:12:09 PM
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....". As part of the "experience generation", even the wealthiest young brides and grooms don't want their day to be all about spectacle, says Sarah Haywood. ... [Read full article on BBC ]
Thursday 18th of May 2017 11:00:06 PM
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....They challenge one of the principal drivers of inequality: the dominance and extreme concentration of the private ownership of capital. In the UK, the wealthiest tenth of households owns 45% of total private national wealth, while the least wealthy half holds a mere 9%. ... [Read full article on Guardian ]
Monday 22nd of May 2017 08:00:18 AM
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Latest Finance News related to Wealthiest

Could citizens’ wealth funds halt the dominance of the financial elite? image
....They challenge one of the principal drivers of inequality: the dominance and extreme concentration of the private ownership of capital. In the UK, the wealthiest tenth of households owns 45% of total private national wealth, while the least wealthy half holds a mere 9%. ...
HSBC voice recognition system breached by customer's twin image
Source : Guardian [Read Article] Friday 19th of May 2017 02:31:12 PM
....”. Barclays introduced voice recognition software for all its 300,000 wealthiest clients in the UK in 2013. ...
More Pritt Stick than Pippa  image
Source : BBC [Read Article] Thursday 18th of May 2017 11:00:06 PM
....". As part of the "experience generation", even the wealthiest young brides and grooms don't want their day to be all about spectacle, says Sarah Haywood. ...
Tories receive £50,000 from man questioned by Serious Fraud Office image
Source : Guardian [Read Article] Thursday 18th of May 2017 02:12:09 PM
.... The Liberal Democrats raised only £180,000 in the same time period, which is likely to raise further questions about their appeal under Tim Farron. The commission’s figures show that Theresa May’s party has launched a major fundraising drive among its wealthiest donors, with the aim of raising £19m for the general election. ...
General election 2017: Labour 'plans water industry nationalisation' image
.... . They have been clear that they will increase income tax for the wealthiest 5% of taxpayers earning more than £80,000 a year and increase corporation tax by 19% to 26%. ...
Facebook's Sheryl Sandberg in call to help working mothers image
Source : BBC [Read Article] Sunday 14th of May 2017 07:24:19 PM
...."It's time for our public policies to catch up with what our families deserve and what our values demand," she said. Ms Sandberg, an influential voice in corporate America, is one of the wealthiest American women with a net worth estimated at $1. ...
General election 2017: 'Robin Hood tax' on City pledged by Labour image
....Mr McDonnell also said Labour would ensure "fairness" in the UK's tax system with a string of tax-avoidance measures. These include increasing the number of people investigating the tax affairs of the wealthiest individuals, banning companies involved in tax avoidance from public contracts, sanctions against "abusive" tax havens, and forcing MPs to publish details of any offshore financial interests. ...
Massive ransomware infection hits computers in 99 countries image
Source : BBC [Read Article] Friday 12th of May 2017 03:36:47 PM
....A hack born in the USA?. Coincidentally, finance ministers from the Group of Seven wealthiest countries have been meeting in Italy to discuss the threat of cyber-attacks on the global financial system. ...
The science of inequality: why people prefer unequal societies image
Source : Guardian [Read Article] Thursday 4th of May 2017 08:00:04 AM
.... One follow-up study contrasted Norton and Ariely’s question about the percentage of wealth that should correspond to each quintile of the American population with a question about what the average wealth should be in each quintile. The former question resulted in an ideal ratio of poorest to wealthiest of about 1:4 – but for the latter, the ratio jumped to 1:50. ...
Wealthy feel pinch of housing costs as one in four Australians face mortgage stress image
. The burden of housing costs is biting even in Australia’s wealthiest suburbs as an unprecedented one in four households nationally face mortgage stress, according to the latest in a 15-year series of analyses. ...
General election: May paves way for end to pledges on NI and income tax image
....They could also save billions by weakening the triple lock on pensions, which protects the rate of increase, to a double lock, and reinvesting the money into long-term spending on social care. Sources have suggested that the party is also considering taxes on highly expensive homes that would hit the wealthiest families. ...
UK should axe state pension for rich people, says OECD image
Source : Guardian [Read Article] Thursday 27th of April 2017 07:15:15 AM
....Britain should stop giving the state pension to the rich and instead spend the money on benefits for the poor, according to the Organisation for Economic Co-operation and Development. The Paris-based thinktank said that ending payments to the wealthiest 5% to 10% would allow the government to give more to people in greater need of support. ...
Duke of Westminster's £12bn property firm hit by London slump image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:00:42 PM
....Hugh Grosvenor inherited the family fortune despite being the third of four siblings as he is the only son of the late duke and his wife, Natalia. He had kept largely out of the limelight, until he came to the attention of the world’s media when he became the youngest and wealthiest of Prince George’s godparents. ...
Now on sale: Jimmy Choo (the whole company) image
Source : Guardian [Read Article] Monday 24th of April 2017 08:25:28 AM
....JAB, an investment company owned by Germany’s billionaire Reimann family, wants to sell its stake in the shoes group to focus on food and other consumer goods. The family, one of Europe’s wealthiest business dynasties, has been building an empire of coffee brands and last year added Krispy Kreme Doughnuts to its portfolio. ...
IMF shifts from dismal to pessimistic, but has a sharper message about inequality | Greg Jericho image
....These results fit nicely with a new study published this week that found taxation “reforms” since the mid-1980s in Australia, New Zealand and Norway did nothing to improve economic growth, and instead just increased inequality – especially with more of the nations’ incomes going to the richest 1%:. The study’s authors conclude, these tax reforms, which lowered the top tax rate and made the system less progressive, did not “increase the size of the cake”, but did provide the wealthiest with a bigger share. ...
Lyrics battle image
Source : BBC [Read Article] Tuesday 11th of April 2017 11:21:14 PM
....Academic and social commentator Frank Furedi described it as "morally disoriented". Even if puritans had once been a dominant force, there was no suggestion that the frugal religious reformers were still getting an unfair advantage in what is now the world's wealthiest university. ...
Welfare shakeup 'will push a quarter of a million children into poverty' image
.... It is expected to save £1bn a year for the Treasury by 2021. Also coming this week is a freeze to working age benefit levels at a time when, according to the Resolution Foundation, the wealthiest will benefit from over £2bn a year in income tax cuts. ...
Protesters target Connecticut's uber wealthy with 'tax bills' in bid to end loophole image
.... Average per capita income is $19,854 in Bridgeport, where 20% live at or below the poverty level. But thanks to its super-wealthy neighbors, the Bridgeport-Stamford-Norwalk corridor is among the wealthiest regions in the US, according to an American Community Survey (ACS), with nearly one in five households having an income of at least $191,469. ...
Bill Gates tops Forbes' rich list but Trump's wealth slips image
Source : BBC [Read Article] Monday 20th of March 2017 05:17:00 PM
....8bn. For the second year running France's Liliane Bettencourt, the L'Oreal cosmetics heiress, was the world's wealthiest woman with a $39. ...
Forbes billionaire list: Trump loses $1bn as elite club gets 233 new members image
....5bn over the past year, as measured by Forbes magazine in its annual list of the world’s billionaires. However, overall it has been a good 12 months for the world’s wealthiest individuals, with a record 233 moving into the billionaire bracket, taking the global number of people with nine-zero fortunes to 2,043 – the most in the 31-year history of the list. ...
Ultra-rich protect wealth with spread of 'family offices' image
Source : BBC [Read Article] Thursday 16th of March 2017 01:44:49 AM
....These are full-time professional staff, which could include investment experts, property advisers, economists, trust fund advisers and lawyers, who work for a single family, in the way that a corporation might have its own dedicated staff. The study quotes a US report from 2010 that found that 50 of the wealthiest such family offices were looking after $500bn (£407bn). ...
Zara founder to receive £1.1bn payout after record sales image
Source : Guardian [Read Article] Wednesday 15th of March 2017 10:47:42 AM
....Ortega, 80, is still the biggest shareholder in Galicia-based Inditex and will receive the cash as dividend payments after the company revealed record financial results for 2016. The world’s fourth richest person and the wealthiest European, Ortega has a fortune estimated at $71. ...
Donald Trump's 2005 tax return leak reveals $38m bill image
Source : BBC [Read Article] Wednesday 15th of March 2017 02:38:18 AM
....3m in federal income tax and an extra $31m in what is called alternative minimum tax (AMT). AMT was set up nearly 50 years ago to stop the wealthiest people from using deductions and loopholes to avoid paying taxes. ...
The Falklands war hero fighting for his state pension image
Source : Guardian [Read Article] Saturday 11th of March 2017 06:59:27 AM
.... Bizarrely, though, this policy doesn’t apply to all 14 overseas territories. For example, those living in Bermuda, 5,800 miles north of the Falklands and one of the world’s wealthiest places, enjoy the full “triple-lock” pension increases their counterparts in the UK receive. ...
US businesses warn the UK over loss of access to EU single market image
Source : Guardian [Read Article] Wednesday 8th of March 2017 11:00:05 AM
....“The United Kingdom is a critical economic partner for the United States, and the US should ensure that bilateral ties are strengthened, rather than disrupted, by Brexit,” the organisation representing American businesses in Europe says. “But America’s significant commercial and financial presence in the UK has been premised in large part on UK membership in the European Union – the largest, wealthiest and most important foreign market in the world to US companies. ...
Tory £1bn inheritance tax cut 'will worsen north-south divide' image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:20:48 PM
....“People have been taxed on their income, and they should not face penal tax charges when they leave something to their children,” he said. “It is worth saying that the lesson of recent decades is that, if this tax was left unreformed more and more families around the country would be sucked into it when it was originally intended for the very wealthiest. ...
Welfare funds must serve 'really disabled' people, says MP image
Source : Guardian [Read Article] Sunday 26th of February 2017 06:35:35 PM
....McDonnell added: “[Philip] Hammond can’t hide from these PIP cuts in his budget. He needs to explain why he can’t absorb them like his predecessor while he is still going ahead with tax giveaways to the very wealthiest in our country. ...
The Unilever-Kraft Heinz takeover: the three key players image
Source : Guardian [Read Article] Friday 17th of February 2017 05:30:54 PM
....He has been married twice and has three children. A co-founder of private equity giant 3G Capital, Jorge Paulo Lemann is ranked the world’s 19th richest man and Brazil’s wealthiest, with a fortune estimated at $29. ...
Steven Mnuchin, former Goldman Sachs exec, confirmed as treasury secretary image
Source : Guardian [Read Article] Tuesday 14th of February 2017 12:50:03 AM
....Trump’s choice of Mnuchin stood at odds with his rhetoric on the campaign trail, where he repeatedly decried Hillary Clinton for giving paid speeches to Wall Street while vowing to lift up working-class Americans. Mnuchin, whose net worth is estimated at $400m will join the wealthiest cabinet in US history. ...
UK's super rich appear to get special deal from HMRC, says watchdog image
Source : Guardian [Read Article] Friday 27th of January 2017 12:01:11 AM
. Britain’s wealthiest people appear to get preferential treatment from HM Revenue & Customs and are not being properly pursued for outstanding tax bills, parliament’s spending watchdog has concluded. ...
Brad Pitt and Angelina Jolie: faces of the new 'global citizen class'? image
Source : Guardian [Read Article] Friday 20th of January 2017 05:50:56 PM
.... Now new research reveals that Jolie and Pitt are part of a growing “global citizen class” of multimillionaires who spend their lives jetting between multiple properties in the world’s most desirable locations. The report, by the research firm Wealth-X, found that as private jet travel has become more accessible and faster internet speeds have made working from the beach or ski lodge more practical, the world’s wealthiest people are buying up multiple homes. ...
The Trump effect has rallied US markets – but it's based on illusion | Robert Shiller image
....The closest we can come to Trump among former US presidents might be Calvin Coolidge, an extremely pro-business tax cutter. “The chief business of the American people is business,” Coolidge famously declared, while his treasury secretary, Andrew Mellon – one of America’s wealthiest men – advocated tax cuts for the rich, which would “trickle down” in benefits to the less fortunate. ...
Rising inequality threatens world economy, says WEF image
Source : Guardian [Read Article] Wednesday 11th of January 2017 09:26:38 AM
....”. Since the 1980s, the share of income going to the top 1% wealthiest citizens has increased in the UK, the US, Canada, Ireland and Australia – though not Germany, France, Japan or Sweden – says the WEF. ...
Inheritance tax is toxic. We need new ways to tackle inequality | Polly Toynbee image
.... As we become more unequal in wealth, inheritance is key. It was already the case: the wealthiest pensioners are those who themselves inherited most. ...
Iain Wright, the MP bringing Mike Ashley and Sir Philip Green to book image
Source : Guardian [Read Article] Friday 30th of December 2016 07:00:26 AM
....”. The quote just about sums up the year Wright has experienced at the centre of two separate scandals that engulfed a pair of Britain’s best known and wealthiest retailers. ...
Former home of PMs and 007s named UK's most expensive street image
Source : Guardian [Read Article] Friday 23rd of December 2016 12:01:01 AM
....While London dominates the list, the Lloyds research revealed that every region in England and Wales now has at least one street where the average house price is more than £1m. Outside London and the south-east, the wealthiest addresses are those in, or close to the millionaires’ playground of Sandbanks in Poole on the Dorset south coast. ...
House prices crash in London's richest areas - but surge in the East of England image
Source : Daily Express [Read Article] Tuesday 13th of December 2016 04:44:00 PM
....3 per cent in the year to October, according to Land Registry figures. But in stark contrast to most of the country, some of the wealthiest ares in the capital have seen hefty losses during the same time period. ...
Prince Alwaleed says women driving ban hurts Saudi economy image
Source : BBC [Read Article] Wednesday 30th of November 2016 02:03:53 PM
.... . The prince, among the world's wealthiest individuals, said: "Preventing a woman from driving a car is today an issue of rights similar to the one that forbade her from receiving an education or having an independent identity. ...
Brexit vote wiped $1.5tn off UK household wealth in 2016, says report image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 07:00:29 AM
....The number of millionaires globally increased by 155%, while the number of ultra-high-net-worth individuals has risen by 216%, making them by far the fastest-growing group of wealth holders. More than 90% of the wealthiest people in the world live in developed nations, mostly the US, but the rise of millionaires and ultra-high-net-worth individuals (UHNWIs) in China meant there was a shift to emerging economies in recent years. ...
Homebuyers return but struggle to find suitable properties, says Rics image
Source : Guardian [Read Article] Thursday 10th of November 2016 12:01:17 AM
....This reflected affordability issues and the slump in luxury home sales in inner London owing to Brexit uncertainty and stamp duty changes, while the outer boroughs were still seeing significant price growth, Rics said. Land Registry data has also suggested that the wealthiest buyers are shunning London, with sales of £10m-plus homes collapsing 86% in the past year. ...
HMRC chasing £1.9bn tax from UK's richest people image
Source : BBC [Read Article] Tuesday 1st of November 2016 02:11:03 AM
....The specialist unit recovers £29 for every £1 spent on staffing costs, the NAO said. The watchdog's head, Amyas Morse, said the unit gave HMRC "a better understanding of the tax affairs and behaviours" of the wealthiest people. ...
Lost riches image
Source : BBC [Read Article] Thursday 27th of October 2016 11:07:39 PM
....The euphoria with Petrobras started in 2006, when the company announced massive new oil reserves in the so-called "pre-salt" layer of rocks - some 4,000m beneath the seabed of the Atlantic Ocean (itself up to 3,000m deep at this point). The new oil find was supposed to turn Brazil into one of the wealthiest non-Opec oil producers. ...
Australia's Gina Rinehart raises offer for Kidman estate image
Source : BBC [Read Article] Thursday 27th of October 2016 07:14:47 AM
....Should regulatory approval not be obtained, Ms Rinehart said she would buy the estate without her Chinese partners - removing any need for regulatory approval. The all-Australian counterbid - which includes four of the country's wealthiest cattle families - has offered A$386m and would also not require approval. ...
New bid for the Kidman estate, Australia's largest cattle farm image
Source : BBC [Read Article] Monday 24th of October 2016 06:29:14 AM
....The Rinehart offer had hoped to appease those government concerns. The new counter-bid has four of the country's wealthiest cattle families offering A$386m (£240m; $293m). ...
Landlords lose legal challenge over buy-to-let tax changes image
Source : Guardian [Read Article] Thursday 6th of October 2016 02:44:02 PM
....“For many, it will also mean the loss of their homes because vast numbers of landlords will be forced to exit the market. Hard-working, responsible landlords will have their pension plans in ruins, but the large corporations and the wealthiest in society, who can buy property without the need for mortgage finance, are systematically excluded from this unfair tax policy. ...
House prices on Britain's most expensive street drop by £4m image
Source : Guardian [Read Article] Thursday 29th of September 2016 11:01:04 PM
....6m recorded in July 2015. Kensington Palace Gardens is home to some of Britain’s wealthiest homeowners, reported to include Roman Abramovich, the Formula One heiress Tamara Ecclestone and the Indian steel magnate Lakshmi Mittal. ...
Women a 'distinct minority' among highest-paid in the UK image
Source : BBC [Read Article] Monday 26th of September 2016 11:05:25 PM
....A co-author of the report, Alessandra Casarico, said women were "rarer the higher one climbs". In the UK, while the proportion of women among the wealthiest 10% and 1% of people had risen since the 1990s, the share of women in the top 0. ...
The world's wealthiest countries image
Source : Independent [Read Article] Saturday 24th of September 2016 03:50:00 PM
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Shy billionaire image
Source : BBC [Read Article] Friday 9th of September 2016 06:57:46 PM
.... After all, he has 60 years' experience in fashion retail, built up from humble beginnings. According to Forbes magazine, experts in estimating the bank balances of the world's wealthiest, Mr Ortega's fortune overtook that of Microsoft founder Bill Gates on Wednesday and Thursday this week, before fluctuating share prices pushed it back into second place. ...
Dukes and other super-rich are not the only ones who can reduce death duties image
....Controversy. Tax campaigners want reforms to the system of trusts which has allowed Britain’s wealthiest families to preserve fortunes through generations by avoiding death duties. ...
Duke's £9bn inheritance prompts call for tax overhaul image
Source : Guardian [Read Article] Thursday 11th of August 2016 07:40:43 PM
. The Duke of Westminster’s death has led to calls from tax campaigners to reform the system of trusts which has allowed Britain’s wealthiest families to preserve fortunes through generations by avoiding death duties. ...

Forget QE. Theresa May should cut taxes if she wants to drive growth
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Source : Telegraph [Read Article] Thursday 11th of August 2016 06:33:22 PM
.... Meanwhile the price of vintage Ferraris, of prime London property, of gold and diamonds all hit the stratosphere. Hence the grotesque spectacle of the net worth of the wealthiest growing far faster after the crash than before it. ...

Glorious Twelfth cancelled at the new Duke of Westminster's estate
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Source : Telegraph [Read Article] Thursday 11th of August 2016 03:13:39 PM
....Locals say they always knew when the Royals were in residence from the two Special Branch officers taking turns manning the main gates. Hugh Grosvenor’s succession to his father’s title at the age of 25 makes him the third richest person in Britain and the 68th wealthiest in the world. ...
Grosvenor Estate structure protects fortune from HMRC image
Source : Guardian [Read Article] Wednesday 10th of August 2016 06:33:24 PM
.... By 1970 Robert was the richest man in Britain. The 6th duke’s children will owe their fortune to rules that give generous concessions to the trusts used by Britain’s wealthiest families. ...
Who is the new Duke of Westminster? image
Source : BBC [Read Article] Wednesday 10th of August 2016 09:58:32 AM
.... . He was the youngest and wealthiest person to be asked by the Duke and Duchess of Cambridge to be godparent to Prince George, in 2013. ...

Who is the new Duke of Westminster? Hugh Grosvenor becomes Britain's most eligible bachelor
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....By inheriting the bulk of his father’s estimated £8. 3 billion fortune, the new Duke becomes the third richest person in the UK and the 68th wealthiest in the world. ...

More Scots win university place despite Higher pass rate fall
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Source : Telegraph [Read Article] Tuesday 9th of August 2016 04:15:35 PM
....Despite this drop, the number of Scottish applications who won a higher education place increased by five per cent to 28,300, all but 900 of whom are going to a Scottish university or college. The number of youngsters accepted from Scotland’s most deprived communities also increased five per cent, to 3,370, but school leavers from the wealthiest areas remained more than four times as likely to win a place. ...
Digital divide image
Source : BBC [Read Article] Tuesday 26th of July 2016 11:07:08 PM
....This showed very high levels of online access in the UK for both rich and poor. It was among a group of countries including the Nordic nations, the Netherlands, Switzerland and Hong Kong, where the wealthiest and poorest quarter of the young population almost all had the internet at home. ...

Munich shooting: Teenage killer Ali Sonboly 'inspired by far-right terrorist Anders Breivik' and 'used Facebook offer of free McDonald's food to lure victims'
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....The building where the Sonboly family lived did not appear to match his claim in mobile phone footage that he came from an area where everyone lived on benefits. While the neighbhourhood is by no means Munich’s wealthiest, it appeared prosperous, and the building was new and well kept, with a stone staircase and a lift. ...
China and Japan help ranks of the super-rich swell to more than 15m image
Source : Guardian [Read Article] Thursday 23rd of June 2016 04:43:08 PM
....7tn, which is over 150 times the size of the economies of all of the world’s poorest countries combined. This shows the extent money and power are concentrated in the hands of the wealthiest few. ...
A basic income could be the best way to tackle inequality image
Source : Guardian [Read Article] Thursday 23rd of June 2016 12:47:06 PM
.... The overwhelming evidence is that the lion’s share of productivity gains in the last 30 years has gone to the very wealthy. And that’s not all: 40% of the gains of quantitative easing in the UK have gone to the wealthiest 5% of households, not because they were more productive, but because the Bank of England directed its cash toward them. ...
What would British business be like after Brexit? image
Source : Guardian [Read Article] Saturday 18th of June 2016 03:00:14 PM
....Farmers have learned in recent years to survive with reduced EU subsidies and, with further cuts between now and 2020 planned, many argue that an independent UK government would only need to spend a few million pounds to keep the sector solvent. But a post-Brexit landscape will leave thousands of wheat farmers in the east of England out of pocket – and a post-Brexit government might decide that these farmers, among the UK’s wealthiest, could withstand a little austerity. ...
Make UK super-rich pay one-off wealth tax, says Fabian Society image
Source : Guardian [Read Article] Sunday 12th of June 2016 03:47:49 PM
....Earlier this year the Institute for Fiscal Studies, which has put forward proposals of its own for an annual wealth tax, said the chancellor, George Osborne, would need to raise more in taxes or cut expenditure further to meet his fiscal promise of generating a budget surplus by the end of the parliament. Related: World's wealthiest people just got 5. ...
House prices to PLUNGE in the coming months – but where will be hit hardest? image
.... House price growth is now at its lowest level since last Autumn, Halifax said earlier this week. And prices are still falling in some of London's wealthiest areas, according to estate agent Knight Frank. ...
World's wealthiest people just got 5.2% wealthier image
Source : Guardian [Read Article] Tuesday 7th of June 2016 04:01:37 PM
....The 5. 2% increase in wealth among the world’s richest individuals was driven largely by the Asia-Pacific area, which is expected to overtake western Europe as the second wealthiest region behind North America next year. ...
Elizabeth Holmes's fall from hero to zero highlights problems of rich lists image
....Every summer the magazine offers up rankings of the rich for our perusal, sliced and diced for our voyeuristic delectation. There’s the Big List (the richest 400 Americans, in aggregate), and the wealthiest self-made Americans (winnowing out all those who inherited their loot, like Walmart’s Walton family). ...
Forbes downgrades net worth of former 'richest self-made woman' to zero image
Source : Guardian [Read Article] Wednesday 1st of June 2016 10:39:24 PM
....Related: Forbes investigates after 'contributor' asks PR for £300 to write online profile. US business magazine Forbes, which monitors the world’s wealthiest individuals and publishes a rich list, has revised the net worth of the woman it named as America’s richest self-made woman last year from $4. ...
Austerity is far more than just cuts. It’s about privatising everything we own | Aditya Chakrabortty image
.... It’s doing the job very nicely: while the typical British worker is still earning less after inflation than he or she was before the banking crash, the number of UK-based billionaires has nearly quadrupled since 2009. Even while he slashes benefits, Osborne is deep into a programme to hand over much of what is still owned by the British public to the wealthiest. ...
Billionaire Brexit supporter says UK should emulate Singapore image
Source : Guardian [Read Article] Thursday 12th of May 2016 02:23:13 PM
.... “One thing people should know about me is that I’m incredibly ethical. I was looking down the Sunday Times Rich List [he is listed as 50th wealthiest individual in Britain] and there are not many people in that list who are ordinarily resident in the UK for tax purposes. ...
Iceland president's wife linked to offshore tax havens in leaked files image
....The Moussiaeff family are best known for running a jewellery shop on New Bond Street, Mayfair, catering to London’s super-rich. Building up the business over generations, they are now among the world’s wealthiest jewellers. ...
Apple CEO vows after company loses over $40bn in value: 'This too shall pass' image
....The steep one-day drop has not knocked Apple off its perch as the world’s most valuable company. The second-wealthiest company in the world, Alphabet, formerly Google, lost more than 5% after similar underperformance on its own results report last week, in what is shaping up to be one of the worst seasons for quarterly results in recent memory. ...
Trump and Clinton share Delaware tax 'loophole' address with 285,000 firms image
.... There are more than 1m companies registered in the state – more than Delaware’s population of 935,000. In the US presidential election, Clinton’s rival Bernie Sanders has led the charge to counter corporate greed, and highlighted the tax havens revealed by the Panama Papers as evidence that “the wealthiest people and largest corporations must start paying their fair share of taxes”. ...
Property tycoons David and Simon Reuben top Sunday Times rich list image
Source : Guardian [Read Article] Sunday 24th of April 2016 06:03:02 PM
....But there were big rises for property tycoons, including the latest table-toppers, the Reuben brothers, while the list was gatecrashed by new entrants such as Formula One world champion Lewis Hamilton and Sacha Baron-Cohen, the comedian and actor behind Ali G and Borat. Sibling property investors David and Simon Reuben, who made their first fortune purchasing Russian aluminium before buying up large tracts of London’s landmark buildings, reached the summit of the annual Sunday Times rich list of Britain’s 1,000 wealthiest people with a combined fortune of £13. ...
Almost half of world's superyachts have UK or US owners, survey finds image
Source : Guardian [Read Article] Monday 18th of April 2016 06:13:04 PM
.... Italy comes third with 5% of owners. The figures are in a report by Wealth-X, which studies the world’s wealthiest individuals. ...
Is Qatar's economy feeling the pinch? image
Source : BBC [Read Article] Tuesday 12th of April 2016 01:31:59 PM
. The energy-rich Arab emirate of Qatar is one of the wealthiest countries in the world, with a reputation for lavish spending and generous state handouts. ...
Capital gains tax cut gives £3,000 to rich 0.3%, says Labour image
Source : Guardian [Read Article] Sunday 27th of March 2016 09:00:07 PM
. George Osborne’s budget is handing a tax cut averaging £3,000 to some of the wealthiest people in the country who make up just 0. ...
As the tax year ends, four things you must do in the next 10 days image
Source : Guardian [Read Article] Saturday 26th of March 2016 06:59:21 AM
....A new allowance that applies when a family home is passed on to a child or grandchild is being phased in from April 2017 (it starts at £100,000, rising to £175,000 in 2020-21) and will sit on top of the existing £325,000 threshold. The government has claimed this will take the family home out of IHT “for all but the wealthiest”. ...

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