Lifestyles of the Rich and Famous
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
