wealthy individuals
Coverage of wealthy individuals in the Nexus archive.
- China cracks down on offshore trusts with new tax rules for the wealthy
China is imposing personal-income taxes on offshore trusts owned by wealthy individuals to close a tax loophole, effective immediately. The tax applies to gains from assets like stocks and properties held in these trusts, with annual taxation on incomes generated from the trusts.
- Partners Group limits withdrawals in private equity fund for wealthy individuals
Partners Group, a Swiss private capital firm, has limited withdrawals from its $8.6 billion flagship private equity fund. The firm is capping redemptions for wealthy individuals investing in the vehicle.
- Want to tax the rich? Encourage them to keep spending ridiculous amounts of money on designer clothes.
The article suggests that encouraging the rich to spend money on designer clothes can be a way to tax them, as many famous designer brands are traded on the stock market. This approach can lead to increased revenue through stock market transactions. The idea is to capitalize on the wealthy individuals' spending habits.