US President Donald Trump and the Republican-controlled Congress have placed a high priority on tax reform. Their goal is to boost the economy in the United States and sustain the corporates’ development.
Common statistics reveal that one dollar out of six created in the world is linked to the real-estate sector. The sector is traditionally subjected to strong regulations relating to standards, aesthetic and energy constraints, securitization of transactions, guarantees, subsidies and tax incentives.
January 1, 2017, symbolizes the beginning of a new era in the fight against tax evasion. The Standard for Automatic Exchange of Financial Account Information in Tax Matters will finally be put in place.
Traditional wealth-management firms are facing an increasing level of competition from robo-advisors. These financial technology (fintech) companies have gained prominence in the last few years by offering online wealth-management services at rock-bottom rates.
The world’s high-net-worth individual (HNWI) population in 2015 stood at 15.36 million and accounted for a total wealth of $58.7 trillion. During the year, the HNWI population grew by 4.9 percent, while their wealth expanded by 4 percent.