Tag #Wealth Transfer

Showing 1 to 12 of 23 results

dw.com
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German Inheritance Tax Loopholes Cost Billions Annually

In Germany, substantial inheritances exceeding €100 million have evaded tax in over half of 463 cases in the last decade, costing the budget €8.8 billion annually, sparking calls for reform.

Progress

44% Bias Score

Reduced Inequality
zeit.de
🌐 75% Global Worthiness
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German Inheritance and Gift Tax Reaches Record High

In 2024, Germany collected a record 13.3 billion euros in inheritance and gift tax, exceeding the previous year by 12.3 percent, with inheritance tax at 8.5 billion euros and gift tax at 4.8 billion euros.

Progress

40% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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\$14 Million Art Valuation Error Triggers 40% Tax Penalty

The WT Art Partnership's \$26 million charitable deduction claim for a painting was reduced to \$12 million by the Tax Court, resulting in a 40% penalty due to unqualified appraisers, highlighting the stringent valuation rules for art donations.

Progress

52% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Great Wealth Transfer: Reshaping Societies and Exacerbating Inequality

A massive intergenerational wealth transfer, totaling over £5 trillion in Britain and $100 trillion in the US, is expected over the next few decades, impacting housing affordability, family dynamics, and potentially exacerbating inequality.

Progress

40% Bias Score

Reduced Inequality
us.cnn.com
🌐 85% Global Worthiness
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OBBA Significantly Raises US Federal Estate Tax Exemption

The One Big Beautiful Act (OBBA) raises the US federal estate tax exemption to $15 million per person in 2026 (indexed annually), impacting a small percentage of estates but reducing federal revenue by $212 billion over a decade, while 12 states and the District of Columbia also have their own estat...

Progress

44% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Reform UK's "Britannia Card": Tax Breaks for the Wealthy, Bonus for the Poor

Reform UK proposes a "Britannia Card", a £250,000 payment for a 10-year tax exemption on overseas income and inheritance tax for wealthy foreigners and British expats, with funds redistributed to the lowest-paid 10% of UK workers.

Progress

48% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Women Take Charge: Mastering Family Finances for a Smooth Wealth Transfer

This article emphasizes the increasing role of women in managing family finances, especially during wealth transfer, highlighting the need for proactive organization and planning to mitigate stress and ensure financial security.

Progress

64% Bias Score

Gender Equality
forbes.com
🌐 85% Global Worthiness
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Women's Rising Financial Power Reshapes Politics and Philanthropy

The increasing financial power of women, driven by the "great wealth transfer," is reshaping political donations and philanthropy, with women prioritizing climate change and women's rights, potentially shifting policy priorities and electoral outcomes.

Progress

36% Bias Score

Gender Equality
dailymail.co.uk
🌐 75% Global Worthiness
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UK Government Considers Major Inheritance Tax Reforms

The UK government is considering major changes to inheritance tax rules, including a potential lifetime gifting allowance, to increase tax revenue and address the growing number of people avoiding IHT through pre-death gifting, with implications for family wealth transfer.

Progress

40% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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UK Families Exploit Tax Loophole to Avoid Inheritance Tax Changes

The use of a tax loophole to avoid inheritance tax has nearly tripled in the UK, increasing from £52 million to £144 million, as families seek to mitigate the impact of upcoming changes that will tax pension pots upon death starting in 2027.

Progress

60% Bias Score

Reduced Inequality
cnn.com
🌐 85% Global Worthiness
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OBBA Significantly Increases US Federal Estate Tax Exemption

The "One Big Beautiful Act" raises the US federal estate tax exemption to \$13.99 million per person in 2025, rising to \$15 million in 2026 and adjusted for inflation annually, reducing federal revenue by nearly \$212 billion over the next decade while the tax rate structure remains unchanged.

Progress

40% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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UK Consumer Spending: Confidence, Gen Z, and the Future of Finance

Barclays' analysis of UK consumer spending reveals a decline in economic confidence, a rise in experiential spending, and a financial paradox among Gen Z, highlighting the need for enhanced financial literacy and trustworthy advice.

Progress

44% Bias Score

Reduced Inequality

Showing 1 to 12 of 23 results