Latest in UK hits wealthy with raids on non doms, private equity and estates
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UK hits wealthy with raids on non-doms, private equity and estates
Chancellor pressed ahead with contentious changes to offshore trusts used by rich foreignersBusiness - Financial Times - October 30 -
Closure of UK inheritance tax ‘loophole’ to penalise estates of wealthy pensioners
Experts say big tax bills could result from Rachel Reeves’ move in the BudgetBusiness - Financial Times - October 30 -
UK tax raid on private equity could raise £1bn, say researchers
Analysis of HMRC data by Centre for the Analysis of Taxation comes as industry braces for Budget changesBusiness - Financial Times - October 25 -
Private jets, carried interest and non-doms
Plus, Harvey Schwartz leaves a troubled fintech’s board and BHP sends mixed messages about interest in buying its rivalWorld - Financial Times - October 31 -
Some UK non-doms to pay exit charges on trusts after Budget changes
Move to target wealthy foreigners comes as government makes several concessions to stem flow out of BritainWorld - Financial Times - November 1 -
How will UK tax rises on private equity’s carried interest work?
Changes unveiled in Rachel Reeves’ Budget mean the performance fee will be treated as income from 2026Business - Financial Times - October 31 -
Grant Thornton UK picks private equity over US merger
Accounting firm agrees to sell stake to buyout group CinvenWorld - Financial Times - 2 days ago -
Non-dom scheme replacement will turn London into ‘bigger version of Bahamas’
Wealth advisers warn UK government’s new rules will attract those seeking short-term tax holidaysWorld - Financial Times - November 4 -
Billionaire Poonawallas buy £42mn Mayfair property despite non-dom fears
Purchase of block on upmarket Grosvenor Square comes ahead of tax changes for wealthy international investorsBusiness - Financial Times - 3 days ago -
Carried interest: private equity’s tax break
The lower-taxed performance fee has helped buyout firms’ executives amass personal fortunesBusiness - Financial Times - October 27 -
Private equity eyes a deal with Reeves on carried interest
Labour’s agenda highlights tension between raising taxes and courting internationally mobile financiersWorld - Financial Times - October 29 -
Why These Fast-Growing Companies Turned to Private Equity
PE firms get a bad rap. These CEOs partnered with them anyway.Business - Inc. - November 7 -
Burglars steal vehicles from royal Windsor Castle estate that's home to Prince William and Kate
Burglars broke into the grounds of Britain's royal Windsor Castle in October and stole two vehicles from a barn, Thames Valley Police said.Top stories - NBC News - 5 days ago -
The rehabilitation of KPMG in the UK
The years of audit failings and regulatory fines at its UK business are over, but some worry the firm is still losing ground to rivalsBusiness - Financial Times - 4 days ago -
China’s Baidu joins Meta in race to make AI-integrated smart glasses
Launch comes as Chinese internet groups jostle for dominance in hardwareBusiness - Financial Times - November 13 -
Business and wealthy bear brunt of £40bn tax increases in UK Budget
Markets unsettled by extent of government borrowing as Rachel Reeves boosts spendingBusiness - Financial Times - October 30 -
Japanese lift maker Fujitec explores sale to private equity
Talks with multiple groups including Sweden’s EQT have taken place in recent monthsWorld - Financial Times - October 30 -
Outgoing Manulife CEO says more scrutiny of private equity deals ‘welcome’
Roy Gori says increased oversight would be a way to reinforce confidence in the insurance industryBusiness - Financial Times - 4 days ago -
Unilever shelves planned sale of its ice cream business to private equity
Chief executive Hein Schumacher wants to separate division as part of turnaround planBusiness - Financial Times - 2 days ago -
Private equity landlords' screening process discriminated against renters, lawsuits contend
Two large private equity-backed landlords discriminated against prospective tenants by relying on faulty screening systems, according to two lawsuits.Top stories - NBC News - 2 days ago -
UK landed estates warn Budget tax changes will ‘kill off’ business
Owners of historic houses hit out at changes to inheritance tax and national insuranceBusiness - Financial Times - November 9 -
‘I know it’s awkward to give advice to wealthy people’: My wife, 50, has terminal cancer. Our estate is worth $18 million. How do we prepare?
“We have two children ages 19 and 21, with one starting law school and the younger planning on medical school.”Business - MarketWatch - November 7 -
UK ‘open to discussing non-cash forms of reparatory justice’ for former colonies
Starmer under pressure from Caribbean countries at Commonwealth talks but is refusing payments or apology. Keir Starmer has opened the door to non-financial reparations for the UK’s role in the ...World - The Guardian - October 24 -
How private equity convinced Labour to go easy on its multimillion pound tax perk
The lobbying coup of the decade saw a major climbdown on the chancellor’s planned raid on carried interest. Nils Pratley: Rachel Reeves’s most irritating manifesto fudge “I’m glad I don’t have ...World - The Guardian - October 31 -
Economists warn Trump’s policies will trigger inflation
US president-elect won on claims he could rid of high prices yet many analysts think he will do the oppositeWorld - Financial Times - November 6