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After Brexit and Trump, what next?

In the post-9/11, post-GFC world, and amidst the current populist and anti- establishment climate, it has become a necessity for investors to take a more pragmatic approach to global investing, according to Iain Stewart-Linnhe, a distinguished speaker at the Monaco Wealth Forum on March 15. With cross-border enforcement now a clear and present danger , […]

Italians offer ‘bargain’ tax residence

Under Italy’s Finance Act 2017, a new measure will allow foreigners to pay a new flat-rate tax of 100,000 euros per year in exchange for tax residence. On Wednesday, March 8, the Italian tax authorities launched a procedure allowing rich foreigners to settle their tax residence in Italy in exchange for the “modest” sum of […]

PwC sees new wealth trend

Australian family businesses are in the midst of the largest transfer of wealth in the nation’s history as baby boomer founders begin to retire and transition out of their businesses. Yet not all of these family businesses are being passed down to the next generation. At PwC we’re presently seeing a move away from business […]

Half of billionaire women are Asian

More women entrepreneurs than ever before have climbed into the 10-figure club, according to Forbes. A record 56 self-made women are now billionaires including the first ever from countries like Vietnam and Japan. In fact, more than half of these enterprising women hail from Asia. Worth a combined $129 billion, these trailblazers have founded some […]

UK budget business unfriendly

Britain’s finance minster, Chancellor of the Excehquer Philip Hammond, has announced a number of changes in the Spring Statement on March 8 that will have a significant impact on investors. In once example, the tax-free dividend allowance will fall from £5,000 to £2,000 a year from April 2018, with Mr Hammond arguing that the greatest beneficiaries of […]

Weston family head Irish rich list

The latest 2017 Sunday Times Irish Rich List surveys the wealth of the 300 richest individuals and families on the island of Ireland in a variety of areas including entertainment, sport, business, technology and construction. The minimum wealth needed to qualify for this year’s 300 richest people in Ireland is €40 million – and there […]

Indian property more attractive

India’s real estate sector is expected to witness boost in investments on the back of recent regulatory reforms, said professional services firm KPMG India in a report. The government has announced key policies for real estate in the Union Budget for 2017-18. Within real estate, affordable housing now gets an infrastructure status. There is also […]

German factory orders fall off cliff

Germany’s manufacturing sector has suffered a surprisingly sharp fall in orders, raising concerns that its economy may not be as robust as thought, the UK’s Guardian reports. Orders for German factory goods plunged by 7.4% in January, compared to December. That’s much worse than the 2.5% drop which analysts expected. The dropoff appears to have […]

‘Don’t depend on us’ – China’s government

A major factor behind the soaring growth of risky wealth-management products in China is that investors typically think the government stands behind them. Lately, nervous regulators have been emphasising that this isn’t so. But they’ll have to do a lot more to change expectations in a state-dominated economy. Wealth-management products are short-term, high-yielding investments that […]

Retail family accused of siphoning funds

A former giant of German retail – Anton Schlecker – has gone on trial with his wife and two children over the collapse of his pharmacy chain, which once employed some 50,000 people, the BBC reports. Mr Schlecker is accused of offences relating to the 2012 bankruptcy, and his family allegedly helped him. His shops […]