Panama bounces back

Panama’s government has revealed assets held by its banking system had grown by over $4bn (£3.1 billion) in the first half of the year alone, as the country continues to work towards more transparency in its financial services sector. Total assets held within the National Banking System reached $99.6 billion by the end of the […]

The one Swiss event that’s a must-do

The Wealth Forums are bringing together an array of top-level specialists in Lugano on September 6 at the Swiss Wealth Forum, a unique opportunity to learn more about the enduring Swiss safe haven and the factors which make this jurisdiction so comfortable and suitable for risk-free investments and asset protection, as well the latest trends […]

New report confirms US wealth divide

Yet another report, this one from the U.S. Congressional Budget Office (CBO), highlights what many American families already know: The rich keep getting richer, while everyone else keeps struggling to get by. The CBO report, released Thursday and prepared at the request of former presidential candidate Sen. Bernie Sanders (I-Vt.), examines trends in family wealth […]

Tax on all wealth for Greeks from 2017

The long planned registration of all kinds of private wealth in Greece will go into effect in February 2017. More than 8,500,000 registered taxpayers will be called on to declare all moveable and immovable assets, their total “wealth”, and even cash they possess even if it is below 100 euros. Furthermore, the taxpayers will have […]

Maltese leader embraces free market

Maltese Prime Minister Joseph Muscat has told Italian newspaper Il Foglio that the path to success is lower taxes and championing “pro-market policies.” Comparing Muscat to the likewise young and tough-talking Italian premier Matteo Renzi, the conservative newspaper’s director Claudio Cerasa says Muscat has managed to break many leftist taboos by “stealing” ideas from the […]

New challenge to Piketty’s theories

There’s yet more evidence that Thomas Piketty may have got it wrong on what causes global inequality. Piketty became a hero of the Occupy movement with the publication two years ago of “Capital in the Twenty-First Century,” a 696-page doorstopper that became an unlikely New York Times best seller. In it, the French economist uses historical data to show how wealth is growing […]

Switzerland remains a Safe Haven

The constantly evolving business environment forces entrepreneurs, investors and finance professionals to be especially careful in looking for new and better solutions to develop and protect their own businesses and the interests of their global clientele. Over many decades Switzerland has been the ultimate Safe Haven, and today it is still attracting far-sighted finance industry […]

Wine boom adds to NZ rich list

The New Zealand wine industry reached new heights this year, posting a record $1.57 billion worth of exports in the year to June, up nearly 10 per cent on the previous year. This increase in exports, driven by demand in the United States, has lined the pockets of the wine rich, most of whom posted increases […]

More Chinese seek foreign investments

According to a report from China Industrial Bank and The Boston Consulting Group on Chinese private banking development in 2016, despite the slowing Chinese economic growth, the wealth of high net worth individuals is rising steadily. It is estimated that China’s high net worth families will reach 3.88 million by 2020 and their investable financial […]

Stocks fall hits European wealthy most of all

The first half of 2016 has not been good to the richest people in western Europe. Over the past six months, the wealthiest citizens of Italy, Germany, Britain, France and Spain – Europe’s biggest economies – have had almost $17 billion erased from their combined net worth as the Stoxx Europe 600 Index fell 9.8 […]

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