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The proposed two per cent annual Wealth tax on net assets (property, investments, cash) exceeding £10 million could raise approximately £24 billion a year.
A new bill introduced in the Minnesota House seeks to tax non-real assets, imposing an annual tax of 1 percent on “taxable wealth” exceeding $10 million for individuals and trusts...
New research shows that Britain raises more tax from wealth than any country in the OECD. More than Spain, Norway and Switzerland – the three European countries that have a stated...
As predicted in our previous alert, a number of states recently moved to enact or propose wealth taxes or income taxes aimed at individuals with high annual incomes, over $1 millio...
In our third installment recapping states’ efforts to impose new taxes on high net worth individuals, we provide updates on Washington’s Millionaires Tax, New York State’s efforts...
On May 12, 2026, a Bill entitled the “Fair Trusts for Fiscal Responsibility Act” was introduced in the Senate by Sen. Patty Murray and co-led by Sen. Ron Wyden. The proposed legisl...
verdoux: The bulk of my savings are in 12 month fixed rate accounts in 3 UK banks - some of them ISAs and I get a little over 4 percent … But those are I suppose accounts I techni...
Wes Streeting has set out plans for a wealth tax that would see capital gains equalised with income tax.
Wes Streeting may or may not make it into Number 10, but it is troubling that his big economic idea is a 'wealth tax that works'. It won't.
The Treasury faces upfront costs of at least £380 million before Labour's high-value property levy begins generating revenue in 2028, according to government analysis. The council...
California may put an extraordinary wealth tax before voters this fall. Under the proposal, anyone worth more than a billion dollars would see 5 percent of their wealth taken next...
Income tax revenues have already risen by 50 per cent since the freeze began, hitting a total of £330billion last year.
Wes Streeting, Secretary of State for Health and Social Care of the United Kingdom, arrives for a cabinet meeting at 10 Downing Street in London, Tuesday, Feb. 24, 2026.A minister...
So here’s my question for this unique year. My wife died on 21 December and I must do 2 declarations- one up to and including 21 Dec married, and then one for 10 days (on paper) fo...
The Financial Times has published remarkable data on inheritance tax in the UK. Just five London parliamentary constituencies paid more inheritance tax than the whole Read the full...
The so-called 2026 Billionaire Tax Act is a California ballot initiative that has been filed to appear on the November 2026 ballot. If approved by California voters, the initiative...
Labour leadership hopeful Wes Streeting has called for a ‘wealth tax that works’ by equalising tax on income and assets. […] The post Wes Streeting calls for ‘wealth tax that works...
Nunthewiser: Should I be reporting the accrued interest? Should I accrue my social security (which is paid in arrears on 3 January)? No to both. You only report actual interest...
The world is facing a financial crisis because we will be facing absolute shortages of oil, food, and raw materials very soon. And that changes Read the full article...
IHT revenues continue to be boosted by frozen nil‑rate bands
I am aware that we post a lot of polls on this blog these days, although I readily admit most are on our videos and Read the full article...
Wes Streeting is proposing reforms to capital gains tax, as part of his pitch for the Labour leadership.
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