Wire
FT: Obama's State of the Union calls for higher taxes on wealthy
Barack Obama laid down the battle lines for the presidential election Tuesday night as he promised a “fairer” tax regime on the day Mitt Romney, the leading Republican contender, revealed that he paid federal income taxes at an effective rate of just 13.9 per cent in 2010
Citywire: Morgan Stanley to sell Quilter to Bridgepoint
Quilter-owner Morgan Stanley Smith Barney has agreed to sell the business to private equity firm Bridgepoint and the Quilter management team
WealthInsight: New York still global billionaire capital
While New York remains the world’s capital for billionaires, WealthInsight finds that three Chinese cities are now listed in the top 10 cities with the largest population of billionaires, with only two US cities making the cut
Futurewealth Report: HNW Confidence Falls, Private Banks Should Improve Branding and Quality of Service
Optimism for the future has declined among high-net-worth individuals (HNWs), despite an improvement in their economic performance last year, a survey by Scorpio Partnerships, Standard Chartered Bank and SEI has found
Spear's to Join Anti-Inequality, Pro-Business Debate at Davos
In just over a week’s time, some of the world’s leading politicians, economists, financiers and business brains will return to the slopes of Davos for the World Economic Forum’s annual meeting to clink glasses, swap business cards and share big ideas.
Investec: 2011 charitable donations down by 12%
New research from Investec Bank reveals that the value of people’s donations to charities in 2011 was 12% less than in 2010. The average donation per person dropped to £186.15
Reuters: US investigating Wegelin over tax evasion, reports say
Jan 9 (Reuters) - U.S. authorities are moving toward taking legal action against Wegelin & Co, which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case
Charles Russell: Divorced parents need better rights to see children
London, 09 January 2012 - Top family law firm Charles Russell says that more needs to be done to provide divorced parents with legal rights to see their children
FT: Monti defends crackdown on wealthy tax evaders
Mario Monti has defended a tough crackdown on tax evaders in luxury ski and coastal resorts, rejecting angry reactions from leading members of Silvio Berlusconi’s centre-right party whose support in parliament is vital for Italy’s new government of technocrats
Tel: Cameron won't scrap 50p income tax rate
The Prime Minister is to abandon plans to scrap the 50p rate of income tax amid increasing pressure from business leaders and backbench Tories, The Daily Telegraph can disclose
Unbillable Hours
Our specialists solve your HNW problems (gratis!)
Q
Is it really possible to avoid stamp duty land tax when purchasing land and property?
A
A lot has been made recently in the press about buyers of some of the UK’s most expensive homes avoiding stamp duty land tax (SDLT) by purchasing their home through a company.
Spear's Wire
