Wealth

As the U.S. grapples with economic challenges in the wake of a tumultuous few years, the recent developments within the Internal Revenue Service (IRS) signal a grim future for tax enforcement and equity in revenue collection. The IRS’s High Wealth division, strategically set up to target high-net-worth individuals and corporations, has faced severe staff reductions,
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The proposal of a $5 million investment visa, dubbed the “gold card,” by former President Donald Trump has sparked both interest and controversy in the realm of U.S. immigration and taxation. Market analysts and immigration attorneys are closely examining the implications of this initiative, which promises permanent residency and citizenship to affluent individuals who are
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The luxury goods market in Europe, once viewed as perpetually thriving, has encountered significant turbulence in recent years. However, as 2024 unfolds, there are glimmers of hope amid a complex landscape marked by economic pressures and changing consumer behavior. Insights drawn from analysts and recent earnings reports reflect both an encouraging outlook and pressing concerns,
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In a remarkable display of resilience, luxury fashion powerhouse Hermes reported significant growth in fourth-quarter sales that exceeded analysts’ expectations. Despite a turbulent landscape for the luxury market, Hermes demonstrated a staggering 17.6% increase in revenues year-on-year, achieving a total of 3.96 billion euros ($4.15 billion) for the final quarter of 2022. This performance surpassed
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The fascination with historic figures like John D. Rockefeller, who was once America’s wealthiest individual, often breeds intrigue and speculation. His legacy, loaded with both generous philanthropy and cutthroat capitalism, makes him a subject of admiration and criticism alike. Recently, this enthusiasm has found a new outlet in the form of a book titled “The
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