Japan plans higher taxes, but only on small group earning over ¥3 billion
The idea of imposing higher taxes on the wealthy stems from the fact that the tax rate on overall earnings begins to decrease once an individual's income exceeds ¥100 million.
These are not the most expensive cities — unless you are an expat
Lists of the world’s priciest urban centers assume you’re a tennis-playing, vermouth-drinking expat paid in dollars with a maid and a car.
Japan needs billionaires like Jack Ma, not just more tourists
Japan has much to offer the ultrarich — it now needs to figure how to attract more of them given how much more money they spend than the average tourist.
U.S. Supreme Court clears way for lawmakers to get Trump's tax returns
Trump was the first president in 40 years not to release his tax returns as he sought to keep the details of his wealth and the activities secret.
U.K.'s first Hindu leader is symbol of both progress and privilege
Sunak attended the University of Oxford and before that the elite private school, Winchester, highlighting criticism that the country’s leaders largely come from a narrow educational pool.
Top-ranked U.S. colleges all cost more than $55,000 a year
The majority of schools in the top 20 cost upwards of $60,000 per year, with only two schools coming in at under $50,000.
It takes a smart village to build sustainable prosperity
To improve the quality of life, we need to expand access to high-quality services — including water, energy, transport and internet — even to far-flung rural areas.
Japan’s biggest lender seeks bankers for the rich in wealth push
Mitsubishi UFJ Financial Group plans to expand a team of bankers serving rich clients as the lender seeks to draw more of its bank customers to higher-value services.
Uniqlo chief regains top spot on Japan's rich list, despite sharp drop in wealth
Tadashi Yanai, founder and president of Fast Retailing, has seen his wealth fall by 44% to $23.6 billion.
Crypto billionaires’ vast fortunes are destroyed in weeks
Questions have been raised about Coinbase’s ability to withstand the sharp decline in cryptocurrency prices, forcing its founder to take to Twitter to defend the company.
Seizing assets of Russia’s elite is far trickier than sanctions
Elites might transfer assets to relatives or, in the case of superyachts and private jets, park them in out-of-reach jurisdictions. Cryptocurrencies further complicate the global hunt.
While many commentators with alternative calculations have questioned the extent of rising income inequality, none has succeeded in dismissing the trend.
