By Kim Velsey 8/03/12 1:45pm

Lifestyles of the Rich and Famous

One Hyde Park: tax bills will be higher.

London Hikes Taxes On Pricey Real Estate Purchases, Panic Ensues (But New York Licks Its Chops)

Besides polo, Ferraris and fine dining, the wealthy elite of the world now have another common cause uniting them—London is slapping a higher stamp duty on properties valued over £2 million (it’s going from 5 to 7 percent). Worse yet, those who use offshore corporations to buy must pay a 15 percent tax bill, reports The New York Times. Read More

By Mike Taylor 9/28/10 12:04pm

Morning Roundup: PIMCO’s Ideas Are Idiotic

  • President Obama said on Monday that the U.S. is not in a jobless economic recovery. Which is true, because to have a jobless economic recovery you first need to have an economic recovery. [Reuters]
  • A Government Accountability Office report shows that women accounted for 40 percent of management positions in 2007, up Read More