Wealth Tax News
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When Argentina canceled its double- taxation treaty with Spain last year, it had a lot to do with a billionaire named Paolo Rocca, the world’s 105th-richest man.
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Icelanders, burdened by more than four years of hardship, are poised to oust the government and return to power the parties that steered the island through a banking-led boom that ended in economic ruin 2008.
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Indebted euro-area countries should implement wealth taxes as a way to generate funds to offset future bailouts, an economic adviser to German Chancellor Angela Merkel told Der Spiegel magazine.
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German Chancellor Angela Merkel said she wants to govern for a full term in a continued coalition with the market-liberal Free Democratic Party if she wins federal elections in five months.
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The state-backed lender that funds Sweden’s exporters says the industry is dominated by super-sized companies as smaller rivals struggle to grow.
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David Stockman first came to prominence as Ronald Reagan’s publicity-prone director of the Office of Management and Budget in the early 1980s. In the decades since he was fired from that job, his career in the leveraged-buyout business has been of no great distinction except that it included an indictment for fraud. (The charges were dropped and he paid $7.2 million to settle a civil case brought by the Securities and Exchange Commission.) Now here we are discussing his new book on the corruption of American capitalism, “The Great Deformation.”
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Norway’s Prime Minister Jens Stoltenberg is making taxing the rich a focal point as he tries to overcome a deficit in the opinion polls seven months before elections in western Europe’s biggest oil producer.
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France’s one-time rise in its wealth tax must remain temporary because it isn’t capped, the country’s constitutional court said on Aug. 9.
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The French government will not include art works in its wealth tax, the prime minister and budget minister said in separate interviews today.
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The French Cabinet agreed to cut a tax on the wealthy and scrap a tax ceiling for individuals, tackling a politically sensitive fiscal issue a year ahead of national elections.
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