“Ultimately, his political standing is judged by the health and well-being of the economy,” said Josh Holmes, a political adviser to Senator Mitch McConnell of Kentucky, the Republican leader. “What […]
High Net Worth Individuals
Trending topics and news from the High Net Worth Individuals category
Back to news homeWhat the Gates Divorce Means for the Bill and Melinda Gates Foundation
The Bill and Melinda Gates Foundation started with ambitions that, by its lofty standards today, appear almost quaint: providing free internet access to public libraries in the United States. As […]
Why a $10,000 Tax Deduction Could Hold Up Trillions in Stimulus Funds
“I think it’s a giveaway to the rich,” she told reporters last month. “So, I do not believe in holding the entire infrastructure package hostage for a full repeal and […]
Biden Tax Proposal Keeps Financial Advisers Busy
Mr. Biden has cleared up some issues for the middle class in his proposal. He has recommended an exemption of $1 million on the capital gains of assets transferred to […]
Biden Seeks $80 Billion to Beef Up I.R.S. Audits of High-Earners
WASHINGTON — President Biden, in an effort to pay for his ambitious economic agenda, is expected to propose giving the Internal Revenue Service an extra $80 billion and more authority […]
Biden Will Seek Tax Increase on Rich to Fund Child Care and Education
WASHINGTON — President Biden will seek new taxes on the rich, including a near doubling of the capital gains tax for people earning more than $1 million a year, to […]
Why Buy a Yacht When You Can Buy a Newspaper?
Billionaires have had a pretty good pandemic. There are more of them than there were a year ago, even as the crisis has exacerbated inequality. But scrutiny has followed these […]
With a Big Tax Break, Hong Kong Tries to Soothe the Rich
HONG KONG — Political opposition has been quashed. Free speech has been stifled. The independent court system may be next.But while Hong Kong’s top leaders take a tougher line on […]
Whistle-Blower Says Credit Suisse Helped Clients Skip Taxes After Promising to Stop
The Swiss bank also hired Mr. Wray, then a partner at King & Spalding in Washington who had served as the head of the Justice Department’s criminal division and oversaw […]
A Buyout Fund C.E.O. Got in Tax Evasion Trouble. Here’s Why Investors Shrugged.
Still, the low-key response to Mr. Smith’s tax violations stands in contrast to how a scandal played out involving Leon Black, a fellow private equity billionaire and a co-founder of […]