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Keyword Search: Wealth (loose results)
1 Article
Source: Reuters

Schroders Plc and Lloyds Banking Group in talks over wealth...

Monday 20:01 GMT

(Reuters) - Asset manager Schroders Plc (SDR.L) and Lloyds Banking Group (LLOY.L) said on Sunday they were in discussions over a wealth management alliance.

Schroders spokeswoman Beth Saint confirmed the move after Sky News reported that Lloyds was to merge its 13 billion pound ($17 billion) wealth management arm into a new joint venture with Schroders. “Schroders confirms that it is in discussions with Lloyds Banking Group plc with a view to working closely together in parts of the wealth sector,” Saint said in an email to Reuters, adding there was “no certainty that these discussions will lead to any formal arrangement being entered into.”

1 Article
Source: CBS News

Most tax dodges by the ultra-wealthy are perfectly legal

Tuesday 20:01 GMT

"There's gift tax, for when you're alive and give stuff away; estate tax, for when you die and give stuff away, and income tax," said Harvey Bezozi, a CPA and founder of Your Financial Wizard.

Typically, if a person makes a gift of a building worth $10 million, the IRS requires them to pay a gift tax, as if it were $10 million in cash.

1 Article
Source: CBS News

Most tax dodges by the ultra-wealthy are perfectly legal

Tuesday 20:01 GMT

"There's gift tax, for when you're alive and give stuff away; estate tax, for when you die and give stuff away, and income tax," said Harvey Bezozi, a CPA and founder of Your Financial Wizard.

Typically, if a person makes a gift of a building worth $10 million, the IRS requires them to pay a gift tax, as if it were $10 million in cash.

1 Article
Source: BBC

Woman who spent £16m in Harrods revealed

Thursday 12:42 GMT

The National Crime Agency told the court that Mr Hajiyev had been a state employee between 1993 and 2015 - and as an official he would not have had the means to amass the wealth investigators have traced.

Examples of her big spending, revealed to the court, included £150,000 spent on a single day on Boucheron - a luxury jewellery, perfume and watches brand. Over ten years she spent more than £16m in Harrods - the equivalent of more than £4,000 a day.


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